Michael Gordon Purchases 5,000 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director Michael Gordon acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average price of C$44.36 per share, for a total transaction of C$221,800.00. Following the completion of the transaction, the director owned 46,940 shares in the company, valued at C$2,082,258.40. The trade was a 11.92% increase in their ownership of the stock.

Altus Group Stock Performance

AIF traded down C$0.27 during trading on Wednesday, hitting C$44.42. The stock had a trading volume of 53,738 shares, compared to its average volume of 205,703. The firm has a market capitalization of C$1.52 billion, a P/E ratio of -108.34, a PEG ratio of 0.96 and a beta of 0.46. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. Altus Group Limited has a twelve month low of C$36.97 and a twelve month high of C$63.07. The company’s 50-day moving average price is C$46.75 and its 200 day moving average price is C$46.09.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The business had revenue of C$112.67 million for the quarter. On average, equities research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. Altus Group’s dividend payout ratio is -146.34%.

Wall Street Analysts Forecast Growth

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

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.