Altus Group (TSE:AIF) Director William Brennan Buys 9,743 Shares

Altus Group Limited (TSE:AIF) Director William Brennan bought 9,743 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of C$46.88 per share, for a total transaction of C$456,751.84. Following the transaction, the director directly owned 3,611,050 shares of the company’s stock, valued at approximately C$169,286,024. This represents a 0.27% increase in their ownership of the stock.

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

• On Monday, August 17th, William Brennan bought 15,265 shares of Altus Group stock. The shares were bought at an average cost of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Stock Down 3.3%

Shares of TSE:AIF opened at C$46.82 on Wednesday. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company has a market capitalization of C$1.60 billion, a PE ratio of -114.20, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. The company has a fifty day moving average of C$47.00 and a 200-day moving average of C$46.05.

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

Altus Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AIF shares. ATB Cormark Capital Markets upped their price objective on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research note on Friday, August 7th. National Bank Financial lifted 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 report on Friday, August 7th. Finally, BMO Capital Markets boosted 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 report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, 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.