Director William Brennan Acquires Stock in Altus Group Limited

On Friday, March 21st, 2023, William Brennan, a director at Altus Group Limited (TSE:AIF), bought 600 shares of the company’s stock. The purchase was made at an average price of C$51.00 per share, resulting in a total expenditure of C$30,600.00.

In addition to this recent acquisition, Brennan has made several other notable transactions with Altus Group stocks:

• On Monday, March 10th, he purchased 22,156 shares at an average cost of C$52.09 per share, totaling C$1,154,106.04.
• On December 30th, he sold 11,150 shares at an average price of C$55.45, generating a total of C$618,267.50.

Current Stock Performance

As of Monday, shares of TSE AIF opened at C$51.54, reflecting a slight decrease of 0.3%. The company maintains a quick ratio of 1.30 and a current ratio of 2.09, indicating a healthy liquidity position. Altus Group has a debt-to-equity ratio of 55.91. Over the last fifty days, the average stock price has been C$55.70, while the two-hundred day average stands at C$55.55. The stock has fluctuated between a low of C$46.09 and a high of C$61.09 over the past year, giving it a market capitalization of C$2.40 billion and a P/E ratio of 901.86.

Dividend Information

Altus Group has recently announced a quarterly dividend scheduled for payment on April 15th, which will amount to $0.15 per share for investors who are on record by that date. This translates to an annualized dividend of $0.60 and a dividend yield of 1.16%. The ex-dividend date is set for March 31st, and the company’s payout ratio is notably high at 1,049.89%.

Analyst Insights

Recent analyst evaluations have provided varied insights on Altus Group. Royal Bank of Canada has increased its price target for the stock from C$56.00 to C$62.00, while CIBC has reduced their target from C$60.00 to C$57.00. At present, four analysts have issued a hold rating on the stock, and one has recommended a buy. According to data from MarketBeat, the consensus rating remains a "Hold" with a consensus price target of C$57.44.

Company Overview

Altus Group Ltd operates primarily within the Canadian real estate sector, providing advisory services, software, and data solutions to the property and real estate industries. The company is segmented into three key areas: Altus Analytics, Commercial Real Estate Consulting, and Geomatics, with the Commercial Real Estate Consulting segment generating the most revenue.

stocks, investment, realestate