William Brennan Acquires 13,200 Shares of Altus Group (TSE:AIF) Stock

Key Points

• Director William Brennan bought 13,200 Altus Group shares at an average C$44.95 each, a C$593,340 transaction that increased his ownership to 3.65 million shares. He has made several additional purchases in recent weeks.
• Altus Group shares fell 1.2% to C$44.28, below their 50-day and 200-day moving averages. The company reported C$0.53 quarterly EPS on C$112.67 million in revenue and maintains a quarterly dividend of C$0.15.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds; the consensus rating is Hold and the average price target is C$55.64.

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan purchased 13,200 shares of the company's stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of C$44.95 per share, for a total transaction of C$593,340.00. Following the purchase, the director owned 3,646,151 shares in the company, valued at C$163,894,487.45. This represents a 0.36% increase in their ownership of the stock.

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

• On Friday, September 18th, William Brennan acquired 9,900 shares of Altus Group stock. The shares were purchased at an average price of C$44.95 per share, with a total value of C$445,005.00.
• On Thursday, September 17th, William Brennan bought 1,828 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$82,260.00.
• On Thursday, September 17th, William Brennan bought 1,372 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$61,740.00.
• On Wednesday, September 16th, William Brennan bought 171 shares of Altus Group stock. The stock was purchased at an average price of C$45.00 per share, for a total transaction of C$7,695.00.
• On Wednesday, September 16th, William Brennan purchased 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 purchased 9,743 shares of Altus Group stock. The shares were purchased 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 shares were purchased at an average cost of C$45.53 per share, with a total value of C$695,015.45.

Altus Group Stock Down 1.2%

TSE AIF traded down C$0.56 during mid-day trading on Monday, reaching C$44.28. The stock had a trading volume of 40,119 shares, compared to its average volume of 206,976. The stock has a market cap of C$1.52 billion, a PE ratio of -108.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. Altus Group Limited has a 1 year low of C$36.97 and a 1 year high of C$63.07. 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 company has a fifty day moving average price of C$46.79 and a 200 day moving average price of C$46.10.

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

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 30th. Altus Group's dividend payout ratio (DPR) is presently -146.34%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. ATB Cormark Capital Markets raised 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. BMO Capital Markets raised 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 report on Friday, August 7th. Finally, National Bank Financial boosted 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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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