Altus Group (TSE:AIF) Director Purchases C$456,751.84 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 9,743 shares of the stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of C$46.88 per share, with a total value of C$456,751.84. Following the transaction, the director directly owned 3,611,050 shares in the company, valued at C$169,286,024. The trade was a 0.27% increase in their ownership of the stock.

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

• On Monday, August 17th, William Brennan acquired 15,265 shares of Altus Group stock. The stock was acquired at an average price of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Price Performance

Shares of Altus Group stock opened at C$44.07 on Friday. The business has a 50 day moving average of C$46.94 and a 200 day moving average of C$46.09. Altus Group Limited has a 52 week low of C$36.97 and a 52 week high of C$63.07. The company has a market cap of C$1.51 billion, a PE ratio of -107.49, a P/E/G ratio of 0.96 and a beta of 0.46. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44.

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

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s payout ratio is presently -146.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. ATB Cormark Capital Markets raised their target price on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research note on Friday, August 7th. National Bank Financial increased 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, BMO Capital Markets raised 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 analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Altus Group presently has a consensus rating of “Hold” and an average target price 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.