Insider Buying: Altus Group (TSE:AIF) Director Acquires C$221,800.00 in Stock

Altus Group Limited (TSE:AIF) Director Michael Gordon purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of C$44.36 per share, for a total transaction of C$221,800.00. Following the purchase, the director owned 46,940 shares in the company, valued at C$2,082,258.40. This trade represents a 11.92% increase in their position.

Altus Group Stock Up 1.9%

Altus Group stock opened at C$45.64 on Friday. The company’s 50-day moving average price is C$46.66 and its two-hundred day moving average price is C$46.05. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The stock has a market cap of C$1.56 billion, a P/E ratio of -111.32, a P/E/G ratio of 0.96 and a beta of 0.46. Altus Group Limited has a twelve month low of C$36.97 and a twelve month high of C$63.07.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The business had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. As a group, analysts expect that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is currently -146.34%.

Wall Street Analyst Weigh In

AIF has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. National Bank Financial raised their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets raised their target price on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$55.64.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.