Altus Group (TSE:AIF) Director William Brennan Acquires 9,743 Shares

Key Points

• Insider buying: Director William Brennan purchased 9,743 Altus Group shares for approximately C$456,752, increasing his stake to 3.61 million shares. He also bought 15,265 shares in August.
• Stock and financial performance: Shares fell C$1.60 to C$46.82 during trading, while the company reported quarterly EPS of C$0.53 and revenue of C$112.67 million. Altus also pays a quarterly dividend of C$0.15 per share, yielding about 1.3% annually.
• Analyst view: Analysts’ consensus rating is “Hold”, with a consensus price target of C$55.64; recent target increases ranged from C$50.00 to C$57.10.

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan purchased 9,743 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of C$46.88 per share, for a total transaction of C$456,751.84. Following the completion of the transaction, the director directly owned 3,611,050 shares in the company, valued at approximately C$169,286,024. The trade was a 0.27% increase in their ownership of the stock.

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

• On Monday, August 17th, William Brennan acquired 15,265 shares of Altus Group stock. The shares were bought at an average cost of C$45.53 per share, with a total value of C$695,015.45.

Altus Group Stock Performance

Shares of TSE AIF traded down C$1.60 during mid-day trading on Tuesday, hitting C$46.82. The company had a trading volume of 153,526 shares, compared to its average volume of 209,682. 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 business's 50-day simple moving average is C$47.00 and its 200-day simple moving average is C$46.05. Altus Group Limited has a 12 month low of C$36.97 and a 12 month high of C$63.07. The firm has a market cap of C$1.60 billion, a P/E ratio of -114.20, a PEG ratio of 0.96 and a beta of 0.46.

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

Altus Group Dividend Announcement

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

Wall Street Analyst Weigh In

AIF has been the subject of a number of recent research reports. BMO Capital Markets upped their target price on 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. ATB Cormark Capital Markets boosted their price target 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. Finally, National Bank Financial increased 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 note 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.com, Altus Group 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.

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