William Brennan Buys 13,200 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 13,200 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of C$44.95 per share, with a total value of C$593,340.00. Following the purchase, the director owned 3,646,151 shares of the company’s stock, valued at approximately C$163,894,487.45. This trade represents a 0.36% increase in their ownership of the stock.

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

• On Friday, September 18th, William Brennan purchased 9,900 shares of Altus Group stock. The stock was acquired at an average cost of C$44.95 per share, for a total transaction of C$445,005.00.
• On Thursday, September 17th, William Brennan acquired 1,828 shares of Altus Group stock. The shares were bought at an average cost of C$45.00 per share, with a total value of C$82,260.00.
• On Thursday, September 17th, William Brennan acquired 1,372 shares of Altus Group stock. The shares were bought at an average price of C$45.00 per share, for a total transaction of C$61,740.00.
• On Wednesday, September 16th, William Brennan bought 171 shares of Altus Group stock. The stock was bought at an average cost of C$45.00 per share, for a total transaction of C$7,695.00.
• On Wednesday, September 16th, William Brennan bought 129 shares of Altus Group stock. The shares were bought at an average price of C$45.00 per share, with a total value of C$5,805.00.
• On Tuesday, September 8th, William Brennan bought 9,743 shares of Altus Group stock. The shares were bought at an average cost of C$46.88 per share, with a total value of C$456,751.84.
• On Monday, August 17th, William Brennan purchased 15,265 shares of Altus Group stock. The stock was bought at an average price of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Price Performance

AIF stock traded down C$0.56 during mid-day trading on Monday, hitting C$44.28. The company had a trading volume of 40,119 shares, compared to its average volume of 206,976. The company has a 50-day moving average price of C$46.79 and a 200 day moving average price of C$46.10. Altus Group Limited has a 12-month low of C$36.97 and a 12-month high of C$63.07. The company has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -108.00, a P/E/G ratio of 0.96 and a beta of 0.46. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44.

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

Altus Group Dividend Announcement

The company also recently disclosed 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 1.4%. Altus Group’s payout ratio is presently -146.34%.

Analysts Set New Price Targets

AIF has been the topic of a number of recent research reports. BMO Capital Markets upped their price target on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. National Bank Financial 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. Finally, ATB Cormark Capital Markets upped their target price on shares of Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$55.64.

Altus Group Company Profile

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.