Michael Gordon Acquires 10,290 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director Michael Gordon acquired 10,290 shares of Altus Group stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the transaction, the director directly owned 16,290 shares of the company’s stock, valued at C$816,943.50. This trade represents a 171.50% increase in their position.

Altus Group Stock Performance

Shares of AIF traded down C$0.14 on Wednesday, reaching C$50.04. 181,498 shares of the stock traded hands, compared to its average volume of 146,531. The stock’s 50-day moving average price is C$58.25 and its 200-day moving average price is C$56.28. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The firm has a market cap of C$2.16 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.96 and a beta of 0.68. Altus Group Limited has a 12 month low of C$43.84 and a 12 month high of C$63.07.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.01 earnings per share for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The company had revenue of C$133.32 million for the quarter. Equities analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Altus Group’s payout ratio is currently 6.71%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AIF. Royal Bank Of Canada lowered their price objective on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. BMO Capital Markets cut their price objective on shares of Altus Group from C$62.00 to C$56.00 in a report on Monday. Scotiabank reduced their price objective on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday. TD Securities cut their price target on Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, National Bank Financial upgraded Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$56.83.

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.