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

Altus Group Limited (TSE:AIF) Director William Brennan bought 11,744 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price 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 acquired 15,320 shares of Altus Group stock. The stock was purchased 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 acquired at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Down 1.5 %

Shares of Altus Group stock opened at C$56.22 on Friday. Altus Group Limited has a 1 year low of C$38.17 and a 1 year high of C$59.60. The company has a market cap of C$2.59 billion, a P/E ratio of 937.00, a P/E/G ratio of 0.96 and a beta of 0.82. 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 50-day moving average price of C$54.30 and a 200 day moving average price of C$52.33.

Altus Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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 increased their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Royal Bank of Canada lifted their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Cormark reduced their target price 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. Finally, BMO Capital Markets dropped their price target on Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Five equities research 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 company presently has an average 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.