Insider Buying: Altus Group Limited (TSE:AIF) Director Buys 600 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of C$51.00 per share, for a total transaction of C$30,600.00.

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

• On Monday, March 10th, William Brennan bought 22,156 shares of Altus Group stock. The shares were bought at an average cost of C$52.09 per share, with a total value of C$1,154,106.04.
• On Monday, December 30th, William Brennan sold 11,150 shares of Altus Group stock. The stock was sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Stock Down 0.3 %

AIF opened at C$51.54 on Monday. The stock’s 50 day moving average price is C$55.70 and its 200 day moving average price is C$55.55. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The stock has a market cap of C$2.40 billion, a P/E ratio of 901.86, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 12 month low of C$46.09 and a 12 month high of C$61.09.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 31st. Altus Group’s dividend payout ratio (DPR) is 1,049.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AIF. Royal Bank of Canada upped their price objective on Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. CIBC lowered their price target on shares of Altus Group from C$60.00 to C$57.00 in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Altus Group has a consensus rating of “Hold” and a consensus price target of C$57.44.

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.