William Brennan Buys 500 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 500 shares of the stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

The firm has a 50-day moving average price of C$54.54 and a two-hundred day moving average price of C$51.69. Altus Group Limited has a 12 month low of C$35.29 and a 12 month high of C$59.60. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The firm has a market cap of C$2.54 billion, a PE ratio of 917.33, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. The business had revenue of C$206.71 million during the quarter, compared to the consensus estimate of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. Sell-side analysts predict that Altus Group Limited will post 1.71104 EPS for the current year.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. Altus Group’s dividend payout ratio is presently 1,000.00%.

Wall Street Analysts Forecast Growth

AIF has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. National Bankshares increased their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Canaccord Genuity Group reduced their price target on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday, July 10th. Scotiabank lowered their price objective on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 9th. Finally, CIBC lifted their target price on Altus Group from C$53.00 to C$54.00 in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average target price of C$56.33.

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.