Insider Buying: Altus Group Limited (TSE:AIF) Director Buys C$28,650.00 in Stock

Altus Group Limited (TSE:AIF) Director Anthony Long bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of C$28.65 per share, for a total transaction of C$28,650.00.

Altus Group Trading Down 1.7 %

AIF opened at C$38.72 on Friday. The firm has a market capitalization of C$1.76 billion, a P/E ratio of 227.76, a P/E/G ratio of 0.96 and a beta of 0.91. The firm’s 50 day moving average is C$47.85 and its 200-day moving average is C$46.49. Altus Group Limited has a 52-week low of C$35.29 and a 52-week high of C$61.60. The company has a quick ratio of 1.30, a current ratio of 1.42 and a debt-to-equity ratio of 60.74.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Altus Group’s dividend payout ratio (DPR) is presently 352.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AIF shares. National Bank Financial cut shares of Altus Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Thursday, November 9th. Eight Capital cut shares of Altus Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$66.00 to C$50.00 in a research report on Friday, November 10th. Canaccord Genuity Group reduced their price target on shares of Altus Group from C$73.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. BMO Capital Markets cut shares of Altus Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$68.00 to C$53.00 in a research report on Friday, November 10th. Finally, Scotiabank cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$66.00 to C$48.00 in a research report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$54.25.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.