Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Passes Above Two Hundred 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.

Analyst Upgrades and Downgrades

A number of research firms have commented on AD.UN. Desjardins raised their target price on shares of 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. CIBC lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$18.00 to C$20.00 in a 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 stock a “sector perform” rating in a report on Friday, March 15th. Finally, Cormark increased their target price 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 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 cap of C$703.43 million, a PE ratio of 5.28, a P/E/G ratio of 0.80 and a beta of 2.06. The business’s 50-day moving average price is C$16.48 and its 200-day moving average price is C$15.60.

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

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 8.80%. The ex-dividend date was Wednesday, March 27th. Alaris Equity Partners Income Trust (AD.UN)’s dividend 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.