William Brennan Purchases 15,265 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 15,265 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of C$45.53 per share, with a total value of C$695,015.45. Following the purchase, the director directly owned 3,558,335 shares of the company’s stock, valued at approximately C$162,010,992.55. The trade was a 0.43% increase in their ownership of the stock.

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

• On Thursday, May 28th, William Brennan purchased 2,000 shares of Altus Group stock. The shares were acquired at an average cost of C$42.90 per share, for a total transaction of C$85,800.00.
• On Wednesday, May 27th, William Brennan acquired 13,733 shares of Altus Group stock. The stock was acquired at an average price of C$43.20 per share, with a total value of C$593,265.60.
• On Wednesday, May 27th, William Brennan bought 1,600 shares of Altus Group stock. The stock was acquired at an average cost of C$42.99 per share, with a total value of C$68,784.00.
• On Tuesday, May 26th, William Brennan bought 2,400 shares of Altus Group stock. The shares were bought at an average price of C$42.59 per share, for a total transaction of C$102,216.00.

Altus Group Price Performance

AIF opened at C$48.18 on Thursday. The company’s 50-day simple moving average is C$46.15 and its two-hundred day simple moving average is C$45.46. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. The stock has a market capitalization of C$1.65 billion, a P/E ratio of -117.51, a P/E/G ratio of 0.96 and a beta of 0.29. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The firm had revenue of C$112.67 million during the quarter. As a group, analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s payout ratio is -146.34%.

Analyst Upgrades and Downgrades

AIF has been the topic of several research analyst reports. ATB Cormark Capital Markets increased their price target on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets lifted their price objective on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Finally, National Bank Financial upped their price objective on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$55.64.

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.