Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 11,144 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 11,144 shares of Altus Group stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of C$56.01 per share, with a total value of C$624,175.44.

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

• On Thursday, November 14th, William Brennan bought 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 bought at an average cost of C$57.35 per share, with a total value of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The stock was 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 bought 500 shares of Altus Group stock. The shares were purchased at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Trading Up 1.4 %

Shares of AIF opened at C$57.46 on Thursday. The stock has a fifty day moving average price of C$54.44 and a two-hundred day moving average price of C$52.45. 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 company has a market cap of C$2.65 billion, a price-to-earnings ratio of 957.67, a PEG ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 52-week low of C$38.87 and a 52-week high of C$59.60.

Altus Group Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Ratings Changes

A number of analysts have commented on AIF shares. BMO Capital Markets reduced their price objective on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Cormark reduced 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 report on Friday, August 9th. Scotiabank lowered their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. National Bankshares raised their price objective on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, CIBC lowered their target price on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Altus Group has an average rating of “Hold” and a consensus price target of C$56.22.

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.