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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

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

The stock has a market capitalization of C$712.08 million, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 0.80 and a beta of 2.06. 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 company has a 50-day moving average price of C$16.50 and a two-hundred day moving average price of C$15.58.

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

The firm 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 of this dividend was Wednesday, March 27th. This represents a $1.36 dividend on an annualized basis and a yield of 8.69%. Alaris Equity Partners Income Trust (AD.UN)’s payout ratio is currently 46.42%.

About Alaris Equity Partners Income Trust (AD.UN)

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.