Insider Selling: Altus Group Limited (TSE:AIF) Director Sells 11,150 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan sold 11,150 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of C$55.45, for a total transaction of C$618,267.50.

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

• On Monday, December 23rd, William Brennan bought 300 shares of Altus Group stock. The shares were purchased at an average price of C$55.70 per share, with a total value of C$16,710.00.
• On Tuesday, December 17th, William Brennan purchased 1,227 shares of Altus Group stock. The shares were acquired at an average cost of C$56.43 per share, with a total value of C$69,239.61.
• On Thursday, December 12th, William Brennan acquired 171 shares of Altus Group stock. The stock was acquired at an average price of C$57.50 per share, for a total transaction of C$9,832.50.
• On Tuesday, December 10th, William Brennan purchased 7,286 shares of Altus Group stock. The stock was bought at an average price of C$57.24 per share, for a total transaction of C$417,050.64.
• On Monday, November 25th, William Brennan purchased 43 shares of Altus Group stock. The stock was bought at an average cost of C$57.66 per share, with a total value of C$2,479.38.
• On Wednesday, November 20th, William Brennan bought 1,738 shares of Altus Group stock. The shares were purchased at an average price of C$57.30 per share, for a total transaction of C$99,587.40.
• On Monday, November 18th, William Brennan acquired 11,144 shares of Altus Group stock. The shares were purchased at an average cost of C$56.01 per share, with a total value of C$624,175.44.
• On Thursday, November 14th, William Brennan bought 11,744 shares of Altus Group stock. The stock was acquired at an average cost of C$57.30 per share, for a total transaction of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The shares were acquired at an average cost of C$57.35 per share, with a total value of C$878,602.00.

Altus Group Stock Performance

Shares of Altus Group stock traded up C$0.77 during trading on Tuesday, hitting C$55.90. 26,537 shares of the company’s stock traded hands, compared to its average volume of 73,966. The business has a 50-day simple moving average of C$56.49 and a 200-day simple moving average of C$54.13. Altus Group Limited has a 1 year low of C$40.01 and a 1 year high of C$61.09. The stock has a market capitalization of C$2.57 billion, a P/E ratio of 931.67, a PEG ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.07%. Altus Group’s payout ratio is 1,000.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AIF. Royal Bank of Canada lifted their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. National Bankshares lifted their price objective on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, CIBC increased 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Altus Group has a consensus rating of “Hold” and an average price target 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.