Altus Group Limited (TSE:AIF) Director William Brennan Acquires 600 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 600 shares of Altus Group stock in a transaction on Friday, March 21st. The shares were acquired 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 acquired 22,156 shares of Altus Group stock. The shares were acquired at an average price 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 stock was sold at an average price of C$55.45, for a total value of C$618,267.50.

Altus Group Stock Up 1.0 %

Shares of AIF stock opened at C$52.08 on Tuesday. The firm’s fifty day moving average price is C$55.67 and its two-hundred day moving average price is C$55.53. Altus Group Limited has a 1 year low of C$46.09 and a 1 year high of C$61.09. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of C$2.42 billion, a P/E ratio of 911.31, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued 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 1.15%. Altus Group’s payout ratio is presently 1,049.89%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AIF shares. CIBC lowered their price objective on shares of Altus Group from C$60.00 to C$57.00 in a research report on Friday, February 21st. Royal Bank of Canada lifted their price target on Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$57.44.

About Altus Group

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.