Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires 7,286 Shares of Stock

Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan purchased 7,286 shares of Altus Group stock in a transaction that occurred on Tuesday, December 10th. The shares were bought at an average price of C$57.24 per share, with a total value of C$417,050.64.

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

• On Monday, November 25th, William Brennan bought 43 shares of Altus Group stock. The stock was acquired at an average price of C$57.66 per share, with a total value of C$2,479.38.
• On Wednesday, November 20th, William Brennan purchased 1,738 shares of Altus Group stock. The shares were acquired at an average price of C$57.30 per share, for a total transaction of C$99,587.40.
• On Monday, November 18th, William Brennan acquired 11,144 shares of Altus Group stock. The stock was acquired at an average price of C$56.01 per share, with a total value of C$624,175.44.
• On Thursday, November 14th, William Brennan bought 11,744 shares of Altus Group stock. The shares were bought at an average price of C$57.30 per share, for a total transaction of C$672,931.20.
• On Tuesday, November 12th, William Brennan purchased 15,320 shares of Altus Group stock. The stock was bought at an average cost 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 shares were sold at an average price of C$55.32, for a total value 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 cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Up 1.0 %

AIF stock traded up C$0.58 during trading on Wednesday, reaching C$57.82. The stock had a trading volume of 66,802 shares, compared to its average volume of 74,871. 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 1-year low of C$38.91 and a 1-year high of C$61.09. The firm has a fifty day moving average price of C$55.82 and a 200 day moving average price of C$53.24. The company has a market capitalization of C$2.66 billion, a P/E ratio of 954.00, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group's dividend payout ratio is presently 1,000.00%.

Analysts Set New Price Targets

Several research firms recently commented on AIF. CIBC lowered their target price on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. National Bankshares upped their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$56.22.

Altus Group Company Profile

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.