Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 1,227 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 1,227 shares of Altus Group stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of C$56.43 per share, with a total value of C$69,239.61.

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

• On Thursday, December 12th, William Brennan acquired 171 shares of Altus Group stock. The stock was bought at an average cost of C$57.50 per share, for a total transaction of C$9,832.50.
• On Tuesday, December 10th, William Brennan bought 7,286 shares of Altus Group stock. The shares were bought at an average cost of C$57.24 per share, with a total value of C$417,050.64.
• On Monday, November 25th, William Brennan purchased 43 shares of Altus Group stock. The stock was bought at an average cost 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 stock was purchased at an average cost 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 shares were purchased at an average cost 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 stock was 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 acquired 15,320 shares of Altus Group stock. The shares were 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 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 purchased 500 shares of Altus Group stock. The stock was acquired at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Price Performance

TSE:AIF opened at C$55.93 on Friday. Altus Group Limited has a 52-week low of C$40.01 and a 52-week high of C$61.09. The stock has a fifty day moving average of C$56.17 and a 200 day moving average of C$53.63. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 932.17, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analysts Set New Price Targets

AIF has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. National Bankshares raised their price target on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, CIBC boosted their price objective on Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$57.11.

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.