Key Points
- Director William Brennan purchased 9,743 Altus Group shares at an average price of C$46.88, investing approximately C$456,752. He now owns 3.61 million shares, valued at about C$169.3 million, following the 0.27% increase in ownership.
- Altus Group reported quarterly EPS of C$0.53 on revenue of C$112.67 million, but continues to show negative net margin and return on equity. The stock opened at C$46.82, within its C$36.97–C$63.07 52-week range.
- Analysts maintain a consensus “Hold” rating with an average target price of C$55.64, while the company pays a quarterly dividend of C$0.15 per share, equivalent to a 1.3% annual yield.
Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan acquired 9,743 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of C$46.88 per share, for a total transaction of C$456,751.84. Following the completion of the purchase, the director owned 3,611,050 shares of the company's stock, valued at C$169,286,024. This trade represents a 0.27% increase in their ownership of the stock.
William Brennan also recently made the following trade(s):
- On Monday, August 17th, William Brennan bought 15,265 shares of Altus Group stock. The stock was bought at an average price of C$45.53 per share, for a total transaction of C$695,015.45.
Altus Group Stock Performance
TSE:AIF opened at C$46.82 on Wednesday. The company has a market capitalization of C$1.60 billion, a PE ratio of -114.20, a P/E/G ratio of 0.96 and a beta of 0.46. The company has a 50 day simple moving average of C$47.00 and a two-hundred day simple moving average of C$46.05. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. Altus Group Limited has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07.
Altus Group (TSE:AIF - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm 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%. Research analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current year.
Altus Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group's dividend payout ratio (DPR) is currently -146.34%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AIF. National Bank Financial boosted their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a "sector perform" rating in a report on Friday, August 7th. ATB Cormark Capital Markets increased their price target on Altus Group from C$56.00 to C$57.10 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, BMO Capital Markets lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$55.64.
Check Out Our Latest Stock Report on Altus Group
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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.
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