Altus Group Limited (TSE:AIF) Director William Brennan Purchases 300 Shares

Altus Group Limited (TSE:AIF) Director William Brennan purchased 300 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of C$55.70 per share, for a total transaction of C$16,710.00.

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

• On Tuesday, December 17th, William Brennan bought 1,227 shares of Altus Group stock. The stock was purchased at an average price of C$56.43 per share, for a total transaction of C$69,239.61.
• On Thursday, December 12th, William Brennan purchased 171 shares of Altus Group stock. The shares were acquired at an average price of C$57.50 per share, with a total value of C$9,832.50.
• On Tuesday, December 10th, William Brennan acquired 7,286 shares of Altus Group stock. The shares were acquired at an average price of C$57.24 per share, with a total value of C$417,050.64.
• On Monday, November 25th, William Brennan bought 43 shares of Altus Group stock. The stock was acquired at an average price of C$57.66 per share, for a total transaction of C$2,479.38.
• On Wednesday, November 20th, William Brennan purchased 1,738 shares of Altus Group stock. The shares were bought at an average price of C$57.30 per share, with a total value of C$99,587.40.
• On Monday, November 18th, William Brennan bought 11,144 shares of Altus Group stock. The stock was bought at an average price of C$56.01 per share, for a total transaction of C$624,175.44.
• On Thursday, November 14th, William Brennan purchased 11,744 shares of Altus Group stock. The shares were bought 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 acquired 15,320 shares of Altus Group stock. The shares were bought at an average price of C$57.35 per share, for a total transaction of C$878,602.00.

Altus Group Stock Performance

Shares of AIF stock traded down C$0.13 during trading hours on Friday, hitting C$56.21. 9,912 shares of the company were exchanged, compared to its average volume of 73,879. Altus Group Limited has a 52-week low of C$40.01 and a 52-week high of C$61.09. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The firm has a fifty day simple moving average of C$56.41 and a 200 day simple moving average of C$53.86. The stock has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 936.83, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 1.07%. Altus Group’s payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. National Bankshares upped their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Royal Bank of Canada increased their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Finally, CIBC boosted their target price on Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Altus Group has a consensus rating of “Hold” and an average target price of C$57.11.

About Altus Group

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.