Insider Buying: Altus Group Limited (TSE:AIF) Director Buys 1,227 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 1,227 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of C$56.43 per share, for a total transaction of C$69,239.61.

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

• On Thursday, December 12th, William Brennan purchased 171 shares of Altus Group stock. The shares were bought at an average cost of C$57.50 per share, with a total value of C$9,832.50.
• On Tuesday, December 10th, William Brennan acquired 7,286 shares of Altus Group stock. The stock was purchased at an average cost of C$57.24 per share, for a total transaction of C$417,050.64.
• On Monday, November 25th, William Brennan acquired 43 shares of Altus Group stock. The shares were acquired at an average cost of C$57.66 per share, for a total transaction of C$2,479.38.
• On Wednesday, November 20th, William Brennan purchased 1,738 shares of Altus Group stock. The shares were purchased at an average cost of C$57.30 per share, for a total transaction of C$99,587.40.
• On Monday, November 18th, William Brennan acquired 11,144 shares of Altus Group stock. The shares were purchased at an average cost of C$56.01 per share, with a total value of C$624,175.44.
• On Thursday, November 14th, William Brennan bought 11,744 shares of Altus Group stock. The shares were purchased at an average price of C$57.30 per share, for a total transaction of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The shares were purchased at an average cost of C$57.35 per share, with a total value of C$878,602.00.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The shares were 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 price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Down 0.2 %

TSE AIF traded down C$0.10 during trading hours on Wednesday, reaching C$56.80. 5,460 shares of the company traded hands, compared to its average volume of 74,503. Altus Group Limited has a 12 month low of C$40.01 and a 12 month high of C$61.09. 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 stock has a market capitalization of C$2.62 billion, a PE ratio of 948.33, a PEG ratio of 0.96 and a beta of 0.82. The company has a 50 day moving average of C$56.01 and a two-hundred day moving average of C$53.54.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Analysts Set New Price Targets

AIF has been the subject of several analyst reports. CIBC cut their target price on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. National Bankshares boosted their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada raised their price objective on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$56.22.

About Altus Group

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.