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

Altus Group Limited (TSE:AIF) Director William Brennan bought 600 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of C$54.36 per share, with a total value of C$32,616.00. Following the transaction, the director directly owned 2,504,359 shares of the company’s stock, valued at approximately C$136,136,955.24. This trade represents a 0.02% increase in their ownership of the stock.

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

• On Monday, December 15th, William Brennan acquired 3,100 shares of Altus Group stock. The shares were bought at an average cost of C$54.49 per share, for a total transaction of C$168,919.00.
• On Tuesday, November 11th, William Brennan purchased 4,119 shares of Altus Group stock. The shares were bought at an average price of C$48.85 per share, for a total transaction of C$201,213.15.
• On Tuesday, November 11th, William Brennan acquired 1,158 shares of Altus Group stock. The stock was purchased at an average price of C$48.85 per share, with a total value of C$56,568.30.
• On Tuesday, November 11th, William Brennan acquired 1,223 shares of Altus Group stock. The stock was bought at an average price of C$48.85 per share, for a total transaction of C$59,743.55.
• On Tuesday, November 11th, William Brennan purchased 12,207 shares of Altus Group stock. The stock was bought at an average cost of C$49.95 per share, for a total transaction of C$609,739.65.
• On Tuesday, November 11th, William Brennan bought 3,251 shares of Altus Group stock. The shares were acquired at an average cost of C$49.95 per share, for a total transaction of C$162,387.45.
• On Tuesday, November 11th, William Brennan bought 3,571 shares of Altus Group stock. The shares were purchased at an average cost of C$49.95 per share, for a total transaction of C$178,371.45.

Altus Group Trading Up 0.5%

AIF stock traded up C$0.26 during mid-day trading on Thursday, hitting C$55.35. 53,880 shares of the company were exchanged, compared to its average volume of 151,116. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of C$2.39 billion, a P/E ratio of 6.19, a PEG ratio of 0.96 and a beta of 0.59. Altus Group Limited has a 12-month low of C$43.84 and a 12-month high of C$63.07. The business has a fifty day simple moving average of C$54.99 and a 200-day simple moving average of C$56.23.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$133.32 million during the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. On average, equities research analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Altus Group’s payout ratio is 6.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Securities decreased their price objective on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, November 7th. National Bankshares lowered Altus Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$74.00 to C$52.00 in a research report on Friday, November 7th. Natl Bk Canada lowered shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Scotiabank dropped their target price on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Finally, BMO Capital Markets lifted their price target on Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$59.86.

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.