Altus Group (TSE:AIF) Director William Brennan Purchases 15,265 Shares of Stock

Key Points

• Director William Brennan purchased 15,265 Altus Group shares at an average C$45.53 each, investing approximately C$695,015 and increasing his ownership by 0.43% to 3,558,335 shares.
• Altus Group shares recently traded at C$47.32, while the company reported quarterly revenue of C$112.67 million and EPS of C$0.53. It also pays a C$0.60 annualized dividend, yielding about 1.3%.
• Analysts maintain a consensus “Hold” rating, with an average price target of C$55.64; three analysts rate the stock a Buy and four rate it a Hold.

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan purchased 15,265 shares of the business's stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the purchase, the director directly owned 3,558,335 shares in the company, valued at approximately C$162,010,992.55. The trade was a 0.43% increase in their ownership of the stock.

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

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

Altus Group Price Performance

Shares of TSE AIF traded up C$1.88 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. Altus Group Limited has a 12-month low of C$36.97 and a 12-month high of C$63.07. The company has a market capitalization of C$1.62 billion, a price-to-earnings 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. The stock has a 50 day moving average of C$46.10 and a 200-day moving average of C$45.45.

Altus Group (TSE:AIF - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 EPS 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. As a group, research analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.15 per share. 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 presently -146.34%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. ATB Cormark Capital Markets upped their target price on shares of Altus Group from C$56.00 to C$57.10 and gave the company an "outperform" rating in a 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 company a "sector perform" rating in a report on Friday, August 7th. Finally, National Bank Financial increased 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 note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Altus Group presently has a consensus 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.

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