Altus Group (TSE:AIF) Director William Brennan Acquires 15,265 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 15,265 shares of Altus Group stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the purchase, the director owned 3,558,335 shares in the company, valued at C$162,010,992.55. This represents a 0.43% increase in their position.

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

• On Thursday, May 28th, William Brennan bought 2,000 shares of Altus Group stock. The shares were bought at an average price of C$42.90 per share, for a total transaction of C$85,800.00.
• On Wednesday, May 27th, William Brennan purchased 13,733 shares of Altus Group stock. The shares were bought at an average cost of C$43.20 per share, with a total value of C$593,265.60.
• On Wednesday, May 27th, William Brennan purchased 1,600 shares of Altus Group stock. The stock was bought at an average cost of C$42.99 per share, with a total value of C$68,784.00.
• On Tuesday, May 26th, William Brennan acquired 2,400 shares of Altus Group stock. The stock was bought at an average price of C$42.59 per share, for a total transaction of C$102,216.00.

Altus Group Stock Up 4.0%

AIF opened at C$47.24 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The firm has a market cap of C$1.62 billion, a P/E ratio of -115.22, a PEG ratio of 0.96 and a beta of 0.29. Altus Group Limited has a 52 week low of C$36.97 and a 52 week high of C$63.07. The business’s fifty day simple moving average is C$46.12 and its 200 day simple moving average is C$45.45.

Altus Group (TSE:AIF) last released its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The company had revenue of C$112.67 million for the quarter. As a group, equities research analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s payout ratio is currently -146.34%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. National Bank Financial boosted their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets increased their price target on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$55.64.

Altus Group Company Profile

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.