Key Points
- Director Michael Gordon bought 10,290 shares at C$50.15 for a total of C$516,043.50, increasing his holding to 16,290 shares — a 171.50% rise in ownership valued at about C$816,943.50.
- Altus trades around C$50.16 with 50-day/200-day moving averages of C$58.03/C$56.24, a market cap of C$2.17B and a P/E of 5.61; it reported C$0.01 EPS last quarter and pays an annualized dividend of C$0.60 (yield 1.2%).
- Several analysts trimmed targets and ratings (e.g., CIBC to C$54, RBC to C$56, National Bank to C$52) but the consensus remains a Moderate Buy with an average price target of C$56.83.
Altus Group Limited (TSE:AIF - Get Free Report) Director Michael Gordon purchased 10,290 shares of the business's stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the purchase, the director owned 16,290 shares in the company, valued at approximately C$816,943.50. This trade represents a 171.50% increase in their ownership of the stock.
Altus Group Price Performance
TSE AIF opened at C$50.16 on Thursday. The company has a 50-day moving average price of C$58.03 and a 200-day moving average price of C$56.24. Altus Group Limited has a 52 week low of C$43.84 and a 52 week high of C$63.07. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of C$2.17 billion, a P/E ratio of 5.61, a PEG ratio of 0.96 and a beta of 0.68.
Altus Group (TSE:AIF - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. The company had revenue of C$133.32 million for the quarter. Equities research analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current year.
Altus Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, September 29th. Altus Group's dividend payout ratio (DPR) is currently 6.71%.
Analyst Ratings Changes
AIF has been the subject of several recent research reports. CIBC cut their price target on Altus Group from C$63.00 to C$54.00 and set a "neutral" rating for the company in a report on Friday, November 7th. Royal Bank Of Canada lowered their price objective on Altus Group from C$58.00 to C$56.00 and set a "sector perform" rating on the stock in a research report on Friday, November 7th. National Bankshares lowered shares of Altus Group from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$74.00 to C$52.00 in a report on Friday, November 7th. TD Securities decreased their target price on shares of Altus Group from C$70.00 to C$67.00 and set a "buy" rating on the stock in a research note on Friday, November 7th. Finally, BMO Capital Markets lowered their price target on shares of Altus Group from C$62.00 to C$56.00 in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$56.83.
Check Out Our Latest Analysis on AIF
About Altus Group
(
Get Free Report)
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.
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