Altus Group (TSE:AIF) Director Buys 1,828 Shares of Stock

Key Points

• Altus Group director William Brennan purchased 1,828 shares at C$45.00 each, investing C$82,260 and increasing his direct holdings to 3,631,579 shares valued at approximately C$163.4 million.
• Brennan has made several additional purchases recently, including 9,743 shares in September and 15,265 shares in August, signaling continued insider buying.
• Altus Group shares traded at C$45.16, while analysts maintained a consensus “Hold” rating with an average price target of C$55.64; the company also reported C$112.67 million in quarterly revenue and a C$0.53 EPS loss-adjusted result.

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan bought 1,828 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average price of C$45.00 per share, for a total transaction of C$82,260.00. Following the completion of the transaction, the director directly owned 3,631,579 shares of the company's stock, valued at C$163,421,055. This represents a 0.05% increase in their position.

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

• On Thursday, September 17th, William Brennan purchased 1,372 shares of Altus Group stock. The shares were purchased at an average price of C$45.00 per share, with a total value of C$61,740.00.
• On Wednesday, September 16th, William Brennan acquired 171 shares of Altus Group stock. The stock was purchased at an average cost of C$45.00 per share, for a total transaction of C$7,695.00.
• On Wednesday, September 16th, William Brennan bought 129 shares of Altus Group stock. The shares were purchased at an average price of C$45.00 per share, with a total value of C$5,805.00.
• On Tuesday, September 8th, William Brennan bought 9,743 shares of Altus Group stock. The stock was acquired at an average cost of C$46.88 per share, with a total value of C$456,751.84.
• On Monday, August 17th, William Brennan purchased 15,265 shares of Altus Group stock. The stock was acquired at an average price of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Price Performance

AIF traded up C$0.14 during trading hours on Friday, hitting C$45.16. The company's stock had a trading volume of 74,065 shares, compared to its average volume of 206,523. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -110.15, a P/E/G ratio of 0.96 and a beta of 0.46. The business's 50-day moving average price is C$46.83 and its 200-day moving average price is C$46.12. The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. Altus Group Limited has a 12 month low of C$36.97 and a 12 month high of C$63.07.

Altus Group (TSE:AIF - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. Sell-side analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. ATB Cormark Capital Markets boosted their target price on Altus Group from C$56.00 to C$57.10 and gave the company an "outperform" rating in a research report on Friday, August 7th. National Bank Financial boosted their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets increased their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Altus Group currently has a consensus rating of "Hold" and a consensus price target of C$55.64.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.