Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires C$99,587.40 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 1,738 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of C$57.30 per share, with a total value 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 acquired at an average price 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 acquired 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 bought 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 value of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan acquired 500 shares of Altus Group stock. The stock was bought at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Price Performance

AIF stock opened at C$57.75 on Friday. The firm has a 50-day moving average of C$54.55 and a 200 day moving average of C$52.55. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The company has a market cap of C$2.66 billion, a P/E ratio of 962.50, a PEG ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 1 year low of C$38.87 and a 1 year high of C$59.60.

Altus Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is presently 1,000.00%.

Analyst Ratings Changes

Several research analysts recently commented on AIF shares. Scotiabank decreased 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. Cormark decreased their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. National Bankshares upped their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. CIBC cut their target price on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada upped their price target on Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Altus Group has an average rating of “Hold” and an average target price 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.