Insider Buying: Altus Group Limited (TSE:AIF) Director Buys C$57,750.00 in Stock

Altus Group Limited (TSE:AIF) Director Raymond Mikulich acquired 1,500 shares of Altus Group stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of C$38.50 per share, with a total value of C$57,750.00.

Altus Group Stock Performance

AIF stock opened at C$38.72 on Monday. The company has a market cap of C$1.76 billion, a P/E ratio of 227.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.91. Altus Group Limited has a 1 year low of C$35.29 and a 1 year high of C$61.60. The company has a debt-to-equity ratio of 60.74, a current ratio of 1.42 and a quick ratio of 1.30. The stock’s fifty day moving average price is C$47.85 and its 200-day moving average price is C$46.46.

Altus Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders 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 currently 352.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AIF. Cormark reduced their price objective on Altus Group from C$66.00 to C$54.00 in a research report on Friday, November 10th. BMO Capital Markets lowered Altus Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$68.00 to C$53.00 in a report on Friday, November 10th. CIBC reduced their target price on Altus Group from C$58.00 to C$51.50 in a report on Friday, November 10th. Royal Bank of Canada reduced their target price on Altus Group from C$55.00 to C$52.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Finally, TD Securities reduced their target price on Altus Group from C$70.00 to C$52.00 and set a “buy” rating for the company in a report on Monday, November 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Altus Group currently has a consensus rating of “Hold” and a consensus price target 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.