Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 600 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 600 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of C$51.00 per share, with a total value of C$30,600.00.

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

• On Monday, March 10th, William Brennan purchased 22,156 shares of Altus Group stock. The shares were acquired at an average price of C$52.09 per share, with a total value of C$1,154,106.04.
• On Monday, December 30th, William Brennan sold 11,150 shares of Altus Group stock. The shares were sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Stock Up 1.0 %

AIF opened at C$52.08 on Tuesday. The stock has a fifty day moving average of C$55.67 and a 200-day moving average of C$55.53. The company has a market capitalization of C$2.42 billion, a P/E ratio of 911.31, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group Limited has a fifty-two week low of C$46.09 and a fifty-two week high of C$61.09. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09.

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, March 31st. Altus Group’s dividend payout ratio is currently 1,049.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. CIBC decreased their target price on Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Royal Bank of Canada upped their price objective on shares of Altus Group from C$56.00 to C$62.00 in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$57.44.

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.