William Brennan Acquires 11,144 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 11,144 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of C$56.01 per share, for a total transaction of C$624,175.44.

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

• On Thursday, November 14th, William Brennan bought 11,744 shares of Altus Group stock. The stock was acquired at an average price of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The shares were acquired at an average price of C$57.35 per share, for a total transaction of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan bought 500 shares of Altus Group stock. The stock was acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Up 1.4 %

Shares of Altus Group stock opened at C$57.46 on Thursday. Altus Group Limited has a 12-month low of C$38.87 and a 12-month high of C$59.60. The stock has a market capitalization of C$2.65 billion, a P/E ratio of 957.67, a PEG ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The stock has a 50 day moving average price of C$54.44 and a two-hundred day moving average price of C$52.45.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.04%. Altus Group’s payout ratio is presently 1,000.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on AIF. Cormark lowered their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. National Bankshares boosted their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. BMO Capital Markets reduced their price objective on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Scotiabank dropped their target price on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$56.22.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.