Altus Group (TSE:AIF) Director William Brennan Acquires 12,207 Shares

Altus Group Limited (TSE:AIF) Director William Brennan acquired 12,207 shares of Altus Group stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of C$49.95 per share, for a total transaction of C$609,739.65. Following the transaction, the director owned 2,051,152 shares of the company’s stock, valued at approximately C$102,455,042.40. The trade was a 0.60% increase in their ownership of the stock.

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

• On Tuesday, November 11th, William Brennan bought 4,119 shares of Altus Group stock. The shares were bought at an average price of C$48.85 per share, with a total value of C$201,213.15.
• On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The shares were bought at an average cost of C$48.85 per share, with a total value of C$56,568.30.
• On Tuesday, November 11th, William Brennan acquired 1,223 shares of Altus Group stock. The shares were bought at an average cost of C$48.85 per share, with a total value of C$59,743.55.
• On Tuesday, November 11th, William Brennan acquired 3,251 shares of Altus Group stock. The shares were purchased at an average price of C$49.95 per share, with a total value of C$162,387.45.
• On Tuesday, November 11th, William Brennan bought 3,571 shares of Altus Group stock. The stock was purchased at an average price of C$49.95 per share, for a total transaction of C$178,371.45.

Altus Group Price Performance

TSE AIF traded down C$0.14 during trading on Wednesday, hitting C$50.04. 181,498 shares of the stock traded hands, compared to its average volume of 146,531. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. Altus Group Limited has a 12-month low of C$43.84 and a 12-month high of C$63.07. The firm has a 50-day simple moving average of C$58.25 and a 200-day simple moving average of C$56.28. The company has a market capitalization of C$2.16 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$133.32 million for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. As a group, analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Altus Group’s payout ratio is presently 6.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AIF shares. National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. TD Securities dropped their price objective on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, November 7th. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. Scotiabank dropped their price target on Altus Group from C$63.00 to C$56.00 in a research note on Monday. Finally, BMO Capital Markets reduced their price objective on Altus Group from C$62.00 to C$56.00 in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Altus Group presently has a consensus rating of “Moderate Buy” and an average target price of C$56.83.

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.