Altus Group Limited (TSE:AIF) Director Purchases C$27,240.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 500 shares of Altus Group stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of C$54.48 per share, with a total value of C$27,240.00.

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

• 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.

Altus Group Trading Down 1.1 %

Shares of AIF opened at C$54.61 on Friday. The firm has a market cap of C$2.51 billion, a P/E ratio of 910.17, 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 Limited has a 1 year low of C$35.29 and a 1 year high of C$59.60. The company has a 50 day simple moving average of C$54.52 and a two-hundred day simple moving average of C$51.72.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.23. The company had revenue of C$206.71 million during the quarter, compared to analysts’ expectations of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. On average, equities analysts expect that Altus Group Limited will post 1.6875773 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Securities lowered their target price on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. National Bankshares lifted their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Royal Bank of Canada boosted their price objective on Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th. Scotiabank decreased their target price on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. Finally, Cormark dropped their price target on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$56.33.

About Altus Group

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.