Altus Group (TSE:AIF) Director William Brennan Buys 15,265 Shares

Altus Group Limited (TSE:AIFGet Free Report) Director William Brennan bought 15,265 shares of Altus Group stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of C$45.53 per share, for a total transaction of C$695,015.45. Following the acquisition, the director directly owned 3,558,335 shares of the company’s stock, valued at C$162,010,992.55. The trade was a 0.43% increase in their position.

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

  • On Thursday, May 28th, William Brennan purchased 2,000 shares of Altus Group stock. The shares were purchased at an average price of C$42.90 per share, with a total value of C$85,800.00.
  • On Wednesday, May 27th, William Brennan purchased 13,733 shares of Altus Group stock. The shares were purchased at an average price of C$43.20 per share, with a total value of C$593,265.60.
  • On Wednesday, May 27th, William Brennan bought 1,600 shares of Altus Group stock. The shares were acquired at an average cost of C$42.99 per share, with a total value of C$68,784.00.
  • On Tuesday, May 26th, William Brennan purchased 2,400 shares of Altus Group stock. The stock was acquired at an average price of C$42.59 per share, for a total transaction of C$102,216.00.

Altus Group Trading Up 4.1%

TSE AIF traded up C$1.88 during mid-day trading on Tuesday, hitting C$47.32. The company’s stock had a trading volume of 124,312 shares, compared to its average volume of 217,293. The firm has a market capitalization of C$1.62 billion, a P/E ratio of -115.41, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07. The stock’s fifty day simple moving average is C$46.10 and its two-hundred day simple moving average is C$45.45.

Altus Group (TSE:AIFGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. Research analysts expect that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is -146.34%.

Wall Street Analysts Forecast Growth

AIF has been the subject of several analyst reports. National Bank Financial upped their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. BMO Capital Markets boosted their price target on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets upped their price target on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Altus Group currently has a consensus rating of “Hold” and a consensus target price of C$55.64.

Read Our Latest Research Report on AIF

About Altus Group

(Get Free Report)

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.

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