Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires C$30,600.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 600 shares of the company’s stock in a transaction on Friday, March 21st. The shares were bought at an average price of C$51.00 per share, with a total value of C$30,600.00.

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

• On Monday, March 10th, William Brennan purchased 22,156 shares of Altus Group stock. The stock was bought at an average cost of C$52.09 per share, for a total transaction of C$1,154,106.04.
• On Monday, December 30th, William Brennan sold 11,150 shares of Altus Group stock. The shares were sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Price Performance

AIF opened at C$51.75 on Thursday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. Altus Group Limited has a 1 year low of C$46.09 and a 1 year high of C$61.09. The stock’s 50 day simple moving average is C$55.52 and its 200 day simple moving average is C$55.48. The firm has a market cap of C$2.41 billion, a price-to-earnings ratio of 905.53, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.16%. Altus Group’s payout ratio is currently 1,049.89%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AIF shares. Royal Bank of Canada upped their price objective on Altus Group from C$56.00 to C$62.00 in a report on Friday, February 21st. CIBC cut their target price on Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$57.44.

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.