Insider Buying: Altus Group (TSE:AIF) Director Purchases C$695,015.45 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 15,265 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the purchase, the director directly owned 3,558,335 shares of the company’s stock, valued at approximately C$162,010,992.55. This represents a 0.43% increase in their position.

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

• On Thursday, May 28th, William Brennan purchased 2,000 shares of Altus Group stock. The shares were purchased at an average cost of C$42.90 per share, for a total transaction of C$85,800.00.
• On Wednesday, May 27th, William Brennan purchased 13,733 shares of Altus Group stock. The stock was purchased at an average cost of C$43.20 per share, with a total value of C$593,265.60.
• On Wednesday, May 27th, William Brennan purchased 1,600 shares of Altus Group stock. The stock was purchased at an average cost of C$42.99 per share, with a total value of C$68,784.00.
• On Tuesday, May 26th, William Brennan acquired 2,400 shares of Altus Group stock. The shares were acquired at an average cost of C$42.59 per share, for a total transaction of C$102,216.00.

Altus Group Stock Performance

AIF stock opened at C$47.28 on Friday. Altus Group Limited has a 1-year low of C$36.97 and a 1-year high of C$63.07. The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. The firm has a market cap of C$1.62 billion, a PE ratio of -115.32, a P/E/G ratio of 0.96 and a beta of 0.29. The business’s 50-day moving average price is C$46.18 and its two-hundred day moving average price is C$45.47.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%.The company had revenue of C$112.67 million for the quarter. As a group, research analysts forecast that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Altus Group’s payout ratio is presently -146.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. National Bank Financial raised their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. BMO Capital Markets upped their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets increased their target price on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$55.64.

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.