Insider Buying: Altus Group Limited (TSE:AIF) Director Buys 600 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of C$51.00 per share, for a total transaction 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 purchased 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 shares were sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Price Performance

Shares of Altus Group stock 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. Altus Group Limited has a 12 month low of C$46.09 and a 12 month high of C$61.09. The stock 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. The business has a 50 day simple moving average of C$55.59 and a two-hundred day simple moving average of C$55.50.

Altus Group Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.17%. Altus Group’s dividend payout ratio (DPR) is presently 1,049.89%.

Wall Street Analysts Forecast Growth

AIF has been the topic of several research analyst reports. CIBC dropped their price objective on Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Royal Bank of Canada lifted their price target on shares of Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.