Altus Group (TSE:AIF) Director Purchases C$32,616.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 600 shares of the stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of C$54.36 per share, for a total transaction of C$32,616.00. Following the completion of the purchase, the director directly owned 2,504,359 shares in the company, valued at approximately C$136,136,955.24. The trade was a 0.02% increase in their position.

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

• On Monday, December 15th, William Brennan bought 3,100 shares of Altus Group stock. The stock was purchased at an average cost of C$54.49 per share, for a total transaction of C$168,919.00.
• On Tuesday, November 11th, William Brennan purchased 4,119 shares of Altus Group stock. The stock was bought at an average price of C$48.85 per share, for a total transaction of C$201,213.15.
• On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The stock was bought at an average price of C$48.85 per share, for a total transaction of C$56,568.30.
• On Tuesday, November 11th, William Brennan acquired 1,223 shares of Altus Group stock. The stock was bought at an average cost of C$48.85 per share, for a total transaction of C$59,743.55.
• On Tuesday, November 11th, William Brennan purchased 12,207 shares of Altus Group stock. The stock was bought at an average price of C$49.95 per share, with a total value of C$609,739.65.
• On Tuesday, November 11th, William Brennan bought 3,251 shares of Altus Group stock. The shares were acquired at an average cost of C$49.95 per share, with a total value of C$162,387.45.
• On Tuesday, November 11th, William Brennan bought 3,571 shares of Altus Group stock. The stock was acquired at an average cost of C$49.95 per share, with a total value of C$178,371.45.

Altus Group Stock Performance

AIF traded up C$0.26 during midday trading on Thursday, reaching C$55.35. The company had a trading volume of 53,880 shares, compared to its average volume of 151,116. The business has a 50-day moving average price of C$54.99 and a two-hundred day moving average price of C$56.23. Altus Group Limited has a 12-month low of C$43.84 and a 12-month high of C$63.07. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The stock has a market cap of C$2.39 billion, a PE ratio of 6.19, a P/E/G ratio of 0.96 and a beta of 0.59.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The company had revenue of C$133.32 million for the quarter. On average, sell-side analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 29th. Altus Group’s payout ratio is presently 6.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Securities dropped their price objective on Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Cormark raised Altus Group from a “hold” rating to a “buy” rating and increased their target price for the stock from C$61.00 to C$65.00 in a research report on Friday, November 21st. National Bankshares lowered shares of Altus Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$74.00 to C$52.00 in a research note on Friday, November 7th. CIBC increased their target price on Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. Finally, Natl Bk Canada lowered shares of Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$59.86.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.