Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above 200 Day Moving Average of $15.58

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.58 and traded as high as C$15.86. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$15.65, with a volume of 41,698 shares traded.

Wall Street Analysts Forecast Growth

AD.UN has been the topic of several analyst reports. Cormark upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$19.50 to C$20.50 in a report on Monday, March 18th. Royal Bank of Canada lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, March 15th. Desjardins lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$20.50 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, CIBC raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$18.00 to C$20.00 in a research note on Monday, January 29th.

Alaris Equity Partners Income Trust (AD.UN) Stock Performance

The company has a current ratio of 0.39, a quick ratio of 2.36 and a debt-to-equity ratio of 41.98. The stock has a 50 day moving average price of C$16.50 and a two-hundred day moving average price of C$15.58. The company has a market cap of C$712.08 million, a price-to-earnings ratio of 5.34, a P/E/G ratio of 0.80 and a beta of 2.06.

Alaris Equity Partners Income Trust (AD.UN) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.34 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.36 annualized dividend and a yield of 8.69%. Alaris Equity Partners Income Trust (AD.UN)’s dividend payout ratio (DPR) is presently 46.42%.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.