William Brennan Buys 9,743 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 9,743 shares of the stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of C$46.88 per share, with a total value of C$456,751.84. Following the completion of the acquisition, the director owned 3,611,050 shares of the company’s stock, valued at C$169,286,024. This represents a 0.27% increase in their position.

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

• On Monday, August 17th, William Brennan purchased 15,265 shares of Altus Group stock. The stock was acquired 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 stock opened at C$45.48 on Thursday. The company has a market cap of C$1.56 billion, a price-to-earnings ratio of -110.93, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. Altus Group Limited has a 52 week low of C$36.97 and a 52 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 firm has a 50 day moving average of C$47.00 and a 200-day moving average of C$46.08.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The company had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. On average, equities analysts forecast that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. National Bank Financial raised their target price on 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. BMO Capital Markets upped their price target 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. Finally, ATB Cormark Capital Markets increased their price target on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.