William Brennan Sells 18,551 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan sold 18,551 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32.

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

• On Tuesday, September 24th, William Brennan acquired 500 shares of Altus Group stock. The shares were purchased at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Price Performance

Shares of TSE AIF opened at C$54.61 on Friday. 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 company’s 50-day moving average price is C$54.52 and its 200 day moving average price is C$51.73. Altus Group Limited has a 52 week low of C$35.29 and a 52 week high of C$59.60. The stock has a market cap of C$2.51 billion, a price-to-earnings ratio of 910.17, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The business had revenue of C$206.71 million for the quarter, compared to analyst estimates of C$132.50 million. As a group, research analysts forecast that Altus Group Limited will post 1.6875773 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 27th. Altus Group’s payout ratio is currently 1,000.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. National Bankshares boosted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Cormark cut their target price on Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Scotiabank decreased their price target on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets reduced their target price on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group decreased their target price on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$56.33.

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.