Altus Group Limited (TSE:AIF) Senior Officer Sells C$42,408.10 in Stock

Altus Group Limited (TSE:AIFGet Rating) Senior Officer Angelo Bartolini sold 940 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of C$45.12, for a total transaction of C$42,408.10. Following the completion of the transaction, the insider now directly owns 34,394 shares of the company’s stock, valued at C$1,551,685.31.

Angelo Bartolini also recently made the following trade(s):

  • On Thursday, May 12th, Angelo Bartolini sold 3,100 shares of Altus Group stock. The stock was sold at an average price of C$43.58, for a total transaction of C$135,098.00.
  • On Tuesday, May 10th, Angelo Bartolini sold 2,000 shares of Altus Group stock. The stock was sold at an average price of C$44.60, for a total transaction of C$89,200.00.

TSE:AIF traded down C$0.15 during trading hours on Friday, reaching C$44.29. The company’s stock had a trading volume of 32,298 shares, compared to its average volume of 132,962. The firm has a market capitalization of C$1.97 billion and a price-to-earnings ratio of 164.59. The firm has a 50-day simple moving average of C$48.09 and a 200-day simple moving average of C$56.92. Altus Group Limited has a 1 year low of C$43.49 and a 1 year high of C$72.33. The company has a debt-to-equity ratio of 67.14, a quick ratio of 1.50 and a current ratio of 1.51.

Altus Group (TSE:AIFGet Rating) last issued its earnings results on Thursday, February 24th. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.05. The business had revenue of C$162.91 million during the quarter, compared to analysts’ expectations of C$161.95 million. Equities analysts anticipate that Altus Group Limited will post 2.2612771 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Wednesday, March 30th. Altus Group’s payout ratio is presently 222.22%.

Several research firms recently commented on AIF. CIBC cut their price objective on shares of Altus Group from C$73.00 to C$50.00 and set a “neutral” rating for the company in a report on Monday, February 28th. Cormark cut their price target on shares of Altus Group from C$72.50 to C$65.00 and set a “market perform” rating for the company in a report on Thursday, May 5th. Canaccord Genuity Group cut their price target on shares of Altus Group from C$74.00 to C$70.00 in a report on Friday, February 25th. Royal Bank of Canada cut their price target on shares of Altus Group from C$72.00 to C$61.00 and set an “outperform” rating for the company in a report on Thursday, May 5th. Finally, Stifel Nicolaus started coverage on shares of Altus Group in a report on Wednesday, April 27th. They issued a “buy” rating and a C$55.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$64.55.

About Altus Group (Get Rating)

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.

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