Altus Group Limited (TSE:AIF) Director Sells C$1,026,241.32 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan sold 18,551 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32.

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

• On Tuesday, September 24th, William Brennan purchased 500 shares of Altus Group stock. The stock was purchased at an average price of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Trading Down 0.8 %

Shares of Altus Group stock traded down C$0.43 on Friday, reaching C$54.76. 17,688 shares of the company’s stock were exchanged, compared to its average volume of 74,285. The company has a market capitalization of C$2.52 billion, a P/E ratio of 917.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 52 week low of C$35.29 and a 52 week high of C$59.60. The firm’s 50-day moving average is C$54.54 and its two-hundred day moving average is C$51.69. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. The firm had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. Sell-side analysts predict that Altus Group Limited will post 1.71104 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, September 27th. Altus Group’s payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIF. National Bankshares raised their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research report 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 on the stock in a research note on Friday, August 9th. CIBC boosted their target price on Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their target price on Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th. Finally, Cormark reduced their price target 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. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$56.33.

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.