Altus Group (TSE:AIF) Director William Brennan Acquires 600 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 600 shares of the stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of C$54.36 per share, for a total transaction of C$32,616.00. Following the transaction, the director owned 2,504,359 shares of the company’s stock, valued at approximately C$136,136,955.24. This trade represents a 0.02% increase in their ownership of the stock.

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

• On Monday, December 15th, William Brennan acquired 3,100 shares of Altus Group stock. The stock was acquired at an average price of C$54.49 per share, with a total value of C$168,919.00.
• On Tuesday, November 11th, William Brennan bought 4,119 shares of Altus Group stock. The shares were acquired at an average cost of C$48.85 per share, for a total transaction of C$201,213.15.
• On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The shares were bought at an average price of C$48.85 per share, for a total transaction of C$56,568.30.
• On Tuesday, November 11th, William Brennan purchased 1,223 shares of Altus Group stock. The stock was bought at an average price of C$48.85 per share, with a total value of C$59,743.55.
• On Tuesday, November 11th, William Brennan acquired 12,207 shares of Altus Group stock. The shares were bought at an average price of C$49.95 per share, for a total transaction of C$609,739.65.
• On Tuesday, November 11th, William Brennan acquired 3,251 shares of Altus Group stock. The shares were bought at an average cost of C$49.95 per share, for a total transaction of C$162,387.45.
• On Tuesday, November 11th, William Brennan bought 3,571 shares of Altus Group stock. The stock was bought at an average price of C$49.95 per share, with a total value of C$178,371.45.

Altus Group Stock Up 0.3%

AIF stock opened at C$55.28 on Friday. The stock has a 50-day simple moving average of C$54.89 and a two-hundred day simple moving average of C$56.23. Altus Group Limited has a twelve month low of C$43.84 and a twelve month high of C$63.07. The firm has a market capitalization of C$2.39 billion, a PE ratio of 6.18, a PEG ratio of 0.96 and a beta of 0.59. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$133.32 million during the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. On average, equities analysts predict that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 29th. Altus Group’s dividend payout ratio (DPR) is presently 6.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIF shares. BMO Capital Markets upped their price target on shares of Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th. Royal Bank Of Canada decreased their target price on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. TD Securities dropped their price target on Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Scotiabank cut their price objective on Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Finally, Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and raised their target price for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Altus Group has an average rating of “Moderate Buy” and an average target price of C$59.86.

About Altus Group

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.