Insider Buying: Altus Group Limited (TSE:AIF) Director Purchases 15,320 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 15,320 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$57.35 per share, with a total value of C$878,602.00.

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

• 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 value of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan bought 500 shares of Altus Group stock. The stock was purchased at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Up 0.5 %

Shares of Altus Group stock traded up C$0.26 on Wednesday, reaching C$57.73. The stock had a trading volume of 96,180 shares, compared to its average volume of 71,892. The company has a 50 day moving average price of C$54.14 and a 200 day moving average price of C$52.20. The stock has a market capitalization of C$2.66 billion, a P/E ratio of 957.83, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group Limited has a 1 year low of C$37.82 and a 1 year high of C$59.60.

Altus Group Announces Dividend

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Wall Street Analysts Forecast Growth

AIF has been the topic of a number of analyst reports. Cormark decreased their price target on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Scotiabank decreased their price target on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. National Bankshares boosted their target price on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets reduced their target price on Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$56.22.

Altus Group Company Profile

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.