Altus Group Limited (TSE:AIF) Director Buys C$624,175.44 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 11,144 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of C$56.01 per share, with a total value of C$624,175.44.

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

• On Thursday, November 14th, William Brennan acquired 11,744 shares of Altus Group stock. The stock was purchased at an average cost of C$57.30 per share, for a total transaction of C$672,931.20.
• On Tuesday, November 12th, William Brennan bought 15,320 shares of Altus Group stock. The shares were purchased at an average price of C$57.35 per share, with a total value of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan acquired 500 shares of Altus Group stock. The shares were acquired at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Trading Up 1.2 %

AIF stock opened at C$56.66 on Wednesday. Altus Group Limited has a 12 month low of C$38.87 and a 12 month high of C$59.60. The firm’s 50-day moving average is C$54.38 and its 200 day moving average is C$52.40. The company has a market capitalization of C$2.61 billion, a PE ratio of 944.33, a P/E/G ratio of 0.96 and a beta of 0.82. 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 Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

AIF has been the topic of a number of recent research reports. CIBC decreased their price objective on Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. TD Securities decreased their price target on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Cormark dropped their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets lowered their target price on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.