Altus Group Limited (TSE:AIF) Director Purchases C$624,175.44 in Stock

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan purchased 11,144 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of C$56.01 per share, for a total transaction of C$624,175.44.

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

• On Thursday, November 14th, William Brennan purchased 11,744 shares of Altus Group stock. The stock was bought at an average cost of C$57.30 per share, with a total value of C$672,931.20.
• On Tuesday, November 12th, William Brennan acquired 15,320 shares of Altus Group stock. The shares were 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 purchased 500 shares of Altus Group stock. The shares were purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

TSE AIF traded up C$0.69 during trading hours on Tuesday, hitting C$56.66. 77,555 shares of the company's stock traded hands, compared to its average volume of 72,283. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. Altus Group Limited has a 52 week low of C$38.87 and a 52 week high of C$59.60. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 944.33, a P/E/G ratio of 0.96 and a beta of 0.82. The business's fifty day moving average price is C$54.38 and its two-hundred day moving average price is C$52.40.

Altus Group Announces Dividend

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 paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.06%. Altus Group's dividend payout ratio (DPR) is presently 1,000.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AIF. BMO Capital Markets dropped their price objective on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. National Bankshares lifted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. TD Securities decreased their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a "buy" rating for the company in a report on Friday, August 9th. Royal Bank of Canada raised their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Finally, CIBC cut their target price on shares of Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.