Altus Group Limited (TSE:AIF) Director Purchases C$99,587.40 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 1,738 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of C$57.30 per share, with a total value of C$99,587.40.

William Brennan also recently made the following trade(s):

• On Monday, November 18th, William Brennan purchased 11,144 shares of Altus Group stock. The stock was acquired at an average price of C$56.01 per share, with a total value of C$624,175.44.
• On Thursday, November 14th, William Brennan purchased 11,744 shares of Altus Group stock. The stock was acquired at an average price of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The stock was acquired at an average price of C$57.35 per share, with a total value of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan acquired 500 shares of Altus Group stock. The stock was purchased at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

Shares of Altus Group stock opened at C$57.46 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group Limited has a twelve month low of C$38.87 and a twelve month high of C$59.60. The stock has a market cap of C$2.65 billion, a price-to-earnings ratio of 957.67, a P/E/G ratio of 0.96 and a beta of 0.82. The company’s fifty day moving average is C$54.44 and its 200 day moving average is C$52.45.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. Altus Group’s dividend payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Securities decreased their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Cormark decreased their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Scotiabank decreased their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. CIBC decreased their target price on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Finally, National Bankshares boosted their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$56.22.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.