Altus Group (TSE:AIF) Director William Brennan Acquires 1,828 Shares

Altus Group Limited (TSE:AIF) Director William Brennan bought 1,828 shares of the stock in a transaction dated Thursday, September 17th. The shares were bought at an average cost of C$45.00 per share, with a total value of C$82,260.00. Following the completion of the purchase, the director directly owned 3,631,579 shares of the company’s stock, valued at approximately C$163,421,055. This trade represents a 0.05% increase in their position.

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

• On Thursday, September 17th, William Brennan purchased 1,372 shares of Altus Group stock. The stock was bought at an average price of C$45.00 per share, for a total transaction of C$61,740.00.
• On Wednesday, September 16th, William Brennan bought 171 shares of Altus Group stock. The stock was bought at an average price of C$45.00 per share, for a total transaction of C$7,695.00.
• On Wednesday, September 16th, William Brennan purchased 129 shares of Altus Group stock. The shares were bought at an average cost of C$45.00 per share, with a total value of C$5,805.00.
• On Tuesday, September 8th, William Brennan purchased 9,743 shares of Altus Group stock. The stock was purchased at an average price of C$46.88 per share, with a total value of C$456,751.84.
• On Monday, August 17th, William Brennan acquired 15,265 shares of Altus Group stock. The stock was purchased at an average cost of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Stock Up 0.3%

TSE AIF traded up C$0.14 on Friday, reaching C$45.16. 74,065 shares of the stock traded hands, compared to its average volume of 206,523. 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 company has a fifty day moving average price of C$46.83 and a 200-day moving average price of C$46.12. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of -110.15, a PEG ratio of 0.96 and a beta of 0.46. Altus Group Limited has a 12 month low of C$36.97 and a 12 month high of C$63.07.

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

Altus Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Altus Group’s dividend payout ratio is presently -146.34%.

Analyst Ratings Changes

Several research firms have recently commented on AIF. BMO Capital Markets boosted their price target on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. National Bank Financial increased their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$55.64.

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