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

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan acquired 11,744 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost 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 bought 15,320 shares of Altus Group stock. The stock was bought at an average price of C$57.35 per share, with a total value 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 stock was acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Trading Down 1.5 %

TSE:AIF traded down C$0.85 during midday trading on Friday, hitting C$56.25. 62,734 shares of the company traded hands, compared to its average volume of 72,207. The firm has a market capitalization of C$2.59 billion, a P/E ratio of 951.67, a P/E/G ratio of 0.96 and a beta of 0.82. The firm's fifty day moving average is C$54.25 and its 200-day moving average is C$52.28. Altus Group Limited has a 12-month low of C$38.17 and a 12-month high of C$59.60. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

AIF has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. TD Securities cut their target price on Altus Group from C$65.00 to C$63.00 and set a "buy" rating for the company in a research note on Friday, August 9th. BMO Capital Markets decreased their price target on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Scotiabank cut their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a "sector perform" rating for the company in a research note on Friday, August 9th. Finally, CIBC dropped their price objective on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.

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