Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 7,286 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 7,286 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of C$57.24 per share, with a total value of C$417,050.64.

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

• On Monday, November 25th, William Brennan acquired 43 shares of Altus Group stock. The stock was purchased at an average cost of C$57.66 per share, with a total value of C$2,479.38.
• On Wednesday, November 20th, William Brennan bought 1,738 shares of Altus Group stock. The shares were bought at an average cost of C$57.30 per share, with a total value of C$99,587.40.
• On Monday, November 18th, William Brennan purchased 11,144 shares of Altus Group stock. The shares were acquired at an average price of C$56.01 per share, for a total transaction of C$624,175.44.
• On Thursday, November 14th, William Brennan acquired 11,744 shares of Altus Group stock. The shares were bought at an average cost of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan acquired 15,320 shares of Altus Group stock. The shares were bought at an average cost of C$57.35 per share, with a total value of C$878,602.00.
• 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.
• On Tuesday, September 24th, William Brennan bought 500 shares of Altus Group stock. The shares were acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Trading Down 0.8 %

Shares of Altus Group stock opened at C$57.24 on Wednesday. Altus Group Limited has a 1 year low of C$38.87 and a 1 year high of C$61.09. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The company has a market capitalization of C$2.64 billion, a P/E ratio of 954.00, a PEG ratio of 0.96 and a beta of 0.82. The company’s fifty day moving average is C$55.82 and its two-hundred day moving average is C$53.24.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, December 31st. Altus Group’s payout ratio is 1,000.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on AIF. Royal Bank of Canada increased their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. National Bankshares lifted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, CIBC cut their price target on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$56.22.

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.