William Brennan Purchases 11,744 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 11,744 shares of Altus Group stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$57.30 per share, with a total value of C$672,931.20.

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

• On Tuesday, November 12th, William Brennan bought 15,320 shares of Altus Group stock. The stock was acquired at an average cost 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 transaction of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan acquired 500 shares of Altus Group stock. The shares were bought at an average cost of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Performance

Shares of TSE AIF opened at C$56.22 on Friday. The stock has a 50 day simple moving average of C$54.30 and a 200-day simple moving average of C$52.33. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The company has a market cap of C$2.59 billion, a PE ratio of 937.00, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 12-month low of C$38.17 and a 12-month high of C$59.60.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AIF. TD Securities reduced their price target on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reduced their target price on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Cormark lowered their price target on Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a report on Friday, August 9th. National Bankshares raised their price objective on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, CIBC reduced their price target on shares of Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$56.22.

Altus Group Company Profile

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.