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

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

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

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

Altus Group Trading Down 0.3 %

Shares of TSE AIF opened at C$51.54 on Monday. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The stock’s 50 day moving average price is C$55.70 and its two-hundred day moving average price is C$55.55. Altus Group Limited has a 52-week low of C$46.09 and a 52-week high of C$61.09. The stock has a market capitalization of C$2.40 billion, a P/E ratio of 901.86, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

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

Analyst Ratings Changes

AIF has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. CIBC dropped their price target on shares of Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$57.44.

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.