Key Points
- Director Michael Gordon purchased 5,000 Altus Group shares at an average price of C$44.36, investing C$221,800 and increasing his holdings by 11.92% to 46,940 shares.
- Altus Group reported quarterly revenue of C$112.67 million and earnings of C$0.53 per share, but posted a negative net margin of 5.32% and return on equity of 5.13%.
- Analysts maintain a consensus “Hold” rating, with an average price target of C$55.64; the company also pays a quarterly dividend of C$0.15 per share, yielding about 1.3%.
Altus Group Limited (TSE:AIF - Get Free Report) Director Michael Gordon purchased 5,000 shares of the business's stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average price of C$44.36 per share, for a total transaction of C$221,800.00. Following the acquisition, the director owned 46,940 shares of the company's stock, valued at approximately C$2,082,258.40. This represents a 11.92% increase in their position.
Altus Group Trading Down 0.5%
Shares of Altus Group stock opened at C$44.47 on Thursday. The stock has a market capitalization of C$1.52 billion, a PE ratio of -108.46, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. Altus Group Limited has a 52 week low of C$36.97 and a 52 week high of C$63.07. The stock has a 50 day moving average price of C$46.72 and a two-hundred day moving average price of C$46.07. 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 (TSE:AIF - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%.The company had revenue of C$112.67 million for the quarter. As a group, equities analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.
Altus Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 was Tuesday, June 30th. Altus Group's payout ratio is -146.34%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. ATB Cormark Capital Markets raised their price objective on shares of Altus Group from C$56.00 to C$57.10 and gave the company an "outperform" rating in a research note on Friday, August 7th. BMO Capital Markets lifted their price objective 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. Finally, National Bank Financial boosted their target price on shares of 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$55.64.
Read Our Latest Report on AIF
Altus Group Company Profile
(
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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