William Brennan Buys 500 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 500 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

Altus Group Limited has a 12 month low of C$35.29 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. The company has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 917.33, a PEG ratio of 0.96 and a beta of 0.82. The stock has a 50-day moving average of C$54.54 and a two-hundred day moving average of C$51.69.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The business had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. As a group, equities research analysts forecast that Altus Group Limited will post 1.71104 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of ∞. Altus Group’s payout ratio is 1,000.00%.

Analyst Ratings Changes

AIF has been the subject of a number of research analyst reports. Scotiabank dropped their price objective on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 9th. Cormark cut their price objective on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a report on Friday, August 9th. BMO Capital Markets dropped their target price on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of Altus Group from C$52.00 to C$55.00 in a research report on Friday, August 9th. Finally, CIBC boosted their target price on shares of Altus Group from C$53.00 to C$54.00 in a research report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Altus Group currently has a consensus rating of “Hold” and a consensus price target of C$56.33.

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.