William Brennan Acquires 600 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 600 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of C$51.00 per share, with a total value of C$30,600.00.

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

• On Monday, March 10th, William Brennan bought 22,156 shares of Altus Group stock. The shares were acquired at an average cost of C$52.09 per share, for a total transaction of C$1,154,106.04.
• On Monday, December 30th, William Brennan sold 11,150 shares of Altus Group stock. The stock was sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Stock Down 1.2 %

TSE:AIF opened at C$51.48 on Wednesday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company’s fifty day moving average price is C$55.59 and its 200-day moving average price is C$55.50. Altus Group Limited has a 1-year low of C$46.09 and a 1-year high of C$61.09. The firm has a market capitalization of C$2.40 billion, a P/E ratio of 900.81, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Altus Group’s payout ratio is currently 1,049.89%.

Analyst Upgrades and Downgrades

AIF has been the topic of a number of recent analyst reports. CIBC cut their price target on shares of Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Royal Bank of Canada upped their target price on Altus Group from C$56.00 to C$62.00 in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Altus Group currently has a consensus rating of “Hold” and a consensus price target of C$57.44.

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.