William Brennan Sells 93,975 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIFGet Free Report) Director William Brennan sold 93,975 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of C$53.99, for a total value of C$5,073,710.25. Following the completion of the sale, the director directly owned 2,364,956 shares of the company’s stock, valued at C$127,683,974.44. This represents a 3.82% decrease in their ownership of the stock.

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

  • On Wednesday, November 26th, William Brennan purchased 71,713 shares of Altus Group stock. The stock was bought at an average price of C$54.04 per share, for a total transaction of C$3,875,370.52.
  • On Wednesday, November 26th, William Brennan acquired 53,791 shares of Altus Group stock. The shares were bought at an average cost of C$54.04 per share, with a total value of C$2,906,865.64.
  • On Wednesday, November 26th, William Brennan bought 7,548 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, for a total transaction of C$407,516.52.
  • On Wednesday, November 26th, William Brennan acquired 2,011 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, for a total transaction of C$108,573.89.
  • On Wednesday, November 26th, William Brennan acquired 2,207 shares of Altus Group stock. The shares were purchased at an average price of C$53.99 per share, for a total transaction of C$119,155.93.
  • On Monday, December 15th, William Brennan bought 3,100 shares of Altus Group stock. The stock was purchased at an average cost of C$54.49 per share, with a total value of C$168,919.00.
  • On Tuesday, December 16th, William Brennan purchased 600 shares of Altus Group stock. The stock was acquired at an average cost of C$54.36 per share, for a total transaction of C$32,616.00.
  • On Tuesday, November 11th, William Brennan acquired 4,119 shares of Altus Group stock. The stock was acquired at an average price of C$48.85 per share, with a total value of C$201,213.15.
  • On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The shares were acquired at an average price of C$48.85 per share, for a total transaction of C$56,568.30.
  • On Tuesday, November 11th, William Brennan purchased 1,223 shares of Altus Group stock. The stock was acquired at an average cost of C$48.85 per share, with a total value of C$59,743.55.

Altus Group Price Performance

TSE AIF traded up C$0.26 during trading on Friday, reaching C$55.54. 815,851 shares of the company traded hands, compared to its average volume of 154,089. Altus Group Limited has a 1-year low of C$43.84 and a 1-year high of C$63.07. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The stock’s 50 day moving average price is C$54.82 and its two-hundred day moving average price is C$56.24. The company has a market cap of C$2.40 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of 0.96 and a beta of 0.59.

Altus Group (TSE:AIFGet Free Report) last issued its earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The business had revenue of C$133.32 million during the quarter. As a group, analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. Altus Group’s payout ratio is 6.71%.

Analyst Ratings Changes

AIF has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Altus Group from C$57.00 to C$61.00 in a research report on Friday, December 5th. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and upped their price target for the stock from C$61.00 to C$65.00 in a research report on Friday, November 21st. TD Securities lowered their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, November 7th. Natl Bk Canada downgraded Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, National Bankshares cut Altus Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$74.00 to C$52.00 in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$59.86.

Check Out Our Latest Stock Report on AIF

About Altus Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Altus Group (TSE:AIF)

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