Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200-Day Moving Average of $15.52

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.52 and traded as high as C$16.67. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$16.47, with a volume of 56,175 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on AD.UN shares. CIBC boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$18.00 to C$20.00 in a research report on Monday, January 29th. Royal Bank of Canada upped their target price on 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 report on Friday, March 15th. Desjardins upped their target price 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 report on Wednesday, February 14th. Finally, Cormark upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$19.50 to C$20.50 in a report on Monday, March 18th.

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

The stock has a market capitalization of C$749.39 million, a PE ratio of 5.62, a PEG ratio of 0.80 and a beta of 2.06. The business has a 50 day moving average price of C$16.58 and a 200 day moving average price of C$15.52. The company has a debt-to-equity ratio of 41.98, a current ratio of 0.39 and a quick ratio of 2.36.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.36 annualized dividend and a dividend yield of 8.26%. Alaris Equity Partners Income Trust (AD.UN)’s dividend payout ratio (DPR) is presently 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.