Alaris Royalty Corp. (TSE:AD) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$23.58.
AD has been the topic of several analyst reports. Scotiabank reduced their target price on shares of Alaris Royalty from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Raymond James Financial reduced their target price on shares of Alaris Royalty from C$23.00 to C$20.00 and set a “market perform” rating on the stock in a report on Wednesday, November 8th. Finally, CIBC raised their target price on shares of Alaris Royalty from C$20.00 to C$23.00 in a report on Friday, September 1st.
Shares of Alaris Royalty (AD) traded up C$0.53 on Friday, hitting C$19.21. 156,711 shares of the stock traded hands, compared to its average volume of 123,508. Alaris Royalty has a 1-year low of C$17.90 and a 1-year high of C$24.23.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 8.43%. Alaris Royalty’s payout ratio is currently 270.00%.
In related news, insider Darren John Driscoll acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of C$18.82 per share, with a total value of C$28,230.00. Also, Director E. Mitchell Shier sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$18.44, for a total transaction of C$46,100.00.
About Alaris Royalty
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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