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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AD.UN shares. CIBC boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$18.00 to C$20.00 in a report on Monday, January 29th. Desjardins boosted 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. Royal Bank of Canada boosted 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. Finally, Cormark boosted 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) Trading Down 2.1 %

The company has a 50 day simple moving average of C$16.58 and a 200 day simple moving average of C$15.52. 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 market capitalization of C$749.39 million, a PE ratio of 5.62, a P/E/G ratio of 0.80 and a beta of 2.06.

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

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