Insider Buying: Altus Group (TSE:AIF) Director Acquires C$456,751.84 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 9,743 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of C$46.88 per share, with a total value of C$456,751.84. Following the completion of the purchase, the director directly owned 3,611,050 shares of the company’s stock, valued at approximately C$169,286,024. This represents a 0.27% increase in their ownership of the stock.

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

• On Monday, August 17th, William Brennan acquired 15,265 shares of Altus Group stock. The shares were bought at an average cost of C$45.53 per share, with a total value of C$695,015.45.

Altus Group Price Performance

Shares of TSE:AIF traded down C$1.60 on Tuesday, hitting C$46.82. The stock had a trading volume of 153,526 shares, compared to its average volume of 209,682. The firm’s 50 day moving average price is C$47.00 and its 200-day moving average price is C$46.05. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. Altus Group Limited has a twelve month low of C$36.97 and a twelve month high of C$63.07. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -114.20, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46.

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

Altus Group Announces Dividend

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

Analyst Ratings Changes

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