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

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan acquired 600 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of C$51.00 per share, with a total value 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 stock was bought at an average price of C$52.09 per share, with a total value 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 transaction of C$618,267.50.

Altus Group Price Performance

Shares of TSE AIF opened at C$51.10 on Friday. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The firm's 50-day simple moving average is C$55.35 and its 200 day simple moving average is C$55.44. The stock has a market cap of C$2.38 billion, a price-to-earnings ratio of 894.16, a PEG ratio of 0.96 and a beta of 0.82. Altus Group Limited has a fifty-two week low of C$46.09 and a fifty-two week high of C$61.09.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Altus Group's dividend payout ratio is currently 1,049.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIF shares. Royal Bank of Canada upped their price objective on shares of Altus Group from C$56.00 to C$62.00 in a report on Friday, February 21st. CIBC dropped their price target on Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has 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$57.44.

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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.