Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 1,738 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 1,738 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of C$57.30 per share, for a total transaction of C$99,587.40.

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

• On Monday, November 18th, William Brennan bought 11,144 shares of Altus Group stock. The stock was bought at an average cost of C$56.01 per share, for a total transaction of C$624,175.44.
• On Thursday, November 14th, William Brennan purchased 11,744 shares of Altus Group stock. The shares were bought at an average price of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The stock was purchased at an average price of C$57.35 per share, for a total transaction of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan purchased 500 shares of Altus Group stock. The shares were purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Up 0.8 %

Altus Group stock opened at C$57.75 on Friday. The stock has a market cap of C$2.66 billion, a PE ratio of 962.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The stock has a fifty day moving average of C$54.55 and a 200 day moving average of C$52.55. Altus Group Limited has a one year low of C$38.87 and a one year high of C$59.60.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AIF shares. BMO Capital Markets decreased their price objective on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Cormark decreased their price target 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. CIBC dropped their price objective on Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. National Bankshares boosted their target price on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, Scotiabank lowered their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$56.22.

Altus Group Company Profile

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.