Altus Group Limited (TSE:AIF) Director William Brennan Acquires 15,320 Shares

Altus Group Limited (TSE:AIF) Director William Brennan bought 15,320 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$57.35 per share, with a total value of C$878,602.00.

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

• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan purchased 500 shares of Altus Group stock. The shares were acquired at an average cost of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Performance

Shares of Altus Group stock traded up C$0.26 during trading hours on Wednesday, hitting C$57.73. 96,180 shares of the company’s stock traded hands, compared to its average volume of 71,892. Altus Group Limited has a 12-month low of C$37.82 and a 12-month high of C$59.60. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 957.83, a PEG ratio of 0.96 and a beta of 0.82. The company has a fifty day simple moving average of C$54.14 and a 200-day simple moving average of C$52.20. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.

Altus Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio is presently 1,000.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their target price on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 9th. BMO Capital Markets decreased their target price on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Royal Bank of Canada upped their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. National Bankshares upped their target price on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, TD Securities dropped their price target on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Altus Group presently has a consensus rating of “Hold” and a consensus price target of C$56.22.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.