Insider Buying: Altus Group (TSE:AIF) Director Buys 3,771 Shares of Stock

Key Points

• Director William Brennan bought 3,771 Altus Group shares at an average C$44.84, investing C$169,091.64 and increasing his ownership by 0.10% to 3.66 million shares. He has made several additional purchases since mid-August.
• Altus Group shares traded at C$44.56, below their 50-day and 200-day moving averages, with a market capitalization of approximately C$1.52 billion. The stock’s 52-week range is C$36.97 to C$63.07.
• Analysts maintain an overall “Hold” rating, with an average target price of C$55.64; three analysts rate the stock Buy and four rate it Hold. The company reported C$0.53 quarterly EPS and pays an annualized C$0.60 dividend, yielding about 1.3%.

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan acquired 3,771 shares of the firm's stock in a transaction on Monday, September 21st. The shares were bought at an average cost of C$44.84 per share, with a total value of C$169,091.64. Following the completion of the acquisition, the director owned 3,659,822 shares in the company, valued at C$164,106,418.48. This represents a 0.10% increase in their ownership of the stock.

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

• On Monday, September 21st, William Brennan bought 2,829 shares of Altus Group stock. The stock was bought at an average cost of C$44.84 per share, with a total value of C$126,852.36.
• On Friday, September 18th, William Brennan bought 13,200 shares of Altus Group stock. The stock was bought at an average price of C$44.95 per share, for a total transaction of C$593,340.00.
• On Friday, September 18th, William Brennan purchased 9,900 shares of Altus Group stock. The shares were bought at an average cost of C$44.95 per share, for a total transaction of C$445,005.00.
• On Thursday, September 17th, William Brennan purchased 1,828 shares of Altus Group stock. The stock was purchased at an average price of C$45.00 per share, with a total value of C$82,260.00.
• On Thursday, September 17th, William Brennan purchased 1,372 shares of Altus Group stock. The stock was 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, with a total value of C$7,695.00.
• On Wednesday, September 16th, William Brennan acquired 129 shares of Altus Group stock. The shares were purchased at an average price of C$45.00 per share, for a total transaction of C$5,805.00.
• On Tuesday, September 8th, William Brennan bought 9,743 shares of Altus Group stock. The shares were purchased at an average cost of C$46.88 per share, for a total transaction of C$456,751.84.
• On Monday, August 17th, William Brennan bought 15,265 shares of Altus Group stock. The shares were purchased at an average cost of C$45.53 per share, for a total transaction of C$695,015.45.

Altus Group Stock Performance

Shares of AIF traded up C$0.18 during mid-day trading on Tuesday, hitting C$44.56. The stock had a trading volume of 74,022 shares, compared to its average volume of 206,353. Altus Group Limited has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The company has a market cap of C$1.52 billion, a PE ratio of -108.68, a PEG ratio of 0.96 and a beta of 0.46. The company's fifty day simple moving average is C$46.76 and its two-hundred day simple moving average is C$46.10.

Altus Group (TSE:AIF - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (EPS) 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%. On average, equities analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AIF shares. ATB Cormark Capital Markets increased their target price on Altus Group from C$56.00 to C$57.10 and gave the company an "outperform" rating in a report on Friday, August 7th. National Bank Financial upped their price target on 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 price objective 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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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