Insider Buying: Altus Group Limited (TSE:AIF) Director Buys C$417,050.64 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 7,286 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were bought at an average price of C$57.24 per share, with a total value of C$417,050.64.

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

• On Thursday, December 12th, William Brennan acquired 171 shares of Altus Group stock. The shares were bought at an average price of C$57.50 per share, with a total value of C$9,832.50.
• On Monday, November 25th, William Brennan bought 43 shares of Altus Group stock. The stock was purchased at an average price of C$57.66 per share, for a total transaction of C$2,479.38.
• On Wednesday, November 20th, William Brennan bought 1,738 shares of Altus Group stock. The shares were purchased at an average price of C$57.30 per share, with a total value of C$99,587.40.
• On Monday, November 18th, William Brennan purchased 11,144 shares of Altus Group stock. The stock was purchased at an average price of C$56.01 per share, for a total transaction of C$624,175.44.
• On Thursday, November 14th, William Brennan acquired 11,744 shares of Altus Group stock. The shares were purchased at an average cost of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan bought 15,320 shares of Altus Group stock. The stock was acquired at an average cost of C$57.35 per share, for a total transaction of C$878,602.00.
• 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 bought 500 shares of Altus Group stock. The shares were acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Trading Down 1.6 %

AIF opened at C$57.02 on Friday. The firm has a 50 day simple moving average of C$55.97 and a 200 day simple moving average of C$53.40. Altus Group Limited has a fifty-two week low of C$40.01 and a fifty-two week high of C$61.09. The company has a market cap of C$2.63 billion, a price-to-earnings ratio of 950.33, a price-to-earnings-growth 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 1.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is 1,000.00%.

Analyst Ratings Changes

AIF has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. National Bankshares boosted their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, CIBC reduced their price objective on Altus Group from C$53.00 to C$52.00 in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Altus Group presently has an average rating of “Hold” and an average target price 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.