Alaris Royalty Corp. (TSE:AD) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$23.75.
Several equities research analysts have recently weighed in on AD shares. Raymond James Financial dropped their target price on shares of Alaris Royalty from C$23.00 to C$20.00 and set a “market perform” rating for the company in a research report on Wednesday, November 8th. Scotiabank decreased their price target on shares of Alaris Royalty from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th.
In other Alaris Royalty news, insider Darren John Driscoll bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of C$18.82 per share, for a total transaction of C$28,230.00. Also, Director E. Mitchell Shier sold 2,500 shares of the business’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.
Alaris Royalty (TSE AD) remained flat at $C$20.67 on Tuesday. The stock had a trading volume of 107,735 shares, compared to its average volume of 126,944. The company has a market cap of $753.53, a P/E ratio of 34.45 and a beta of 1.00. Alaris Royalty has a one year low of C$17.90 and a one year high of C$24.23.
The business also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Thursday, December 28th. Alaris Royalty’s dividend payout ratio is currently 270.00%.
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Alaris Royalty Company Profile
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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