Bullboard - Stock Discussion Forum Alaris Equity Partners Income 6 25 Senior Unsecured Debentures ADLRF

Primary Symbol: T.AD.DB.A Alternate Symbol(s): T.AD.UN

Alaris Equity Partners Income Trust (the Trust) is a Canada-based trust. The Trust’s operations consist of investments in private operating entities, typically in the form of preferred or common limited partnership interests, preferred or common interest in limited liability corporations in the United States, and loans receivable. The Trust’s Canadian investments are made through a wholly owned... see more

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Alaris Equity Partners Income 6 25 Senior Unsecured Debentures > Desjardins

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Post by retiredcf on Feb 14, 2024 7:37am

Desjardins

Ahead of the March 14 release of its fourth-quarter results, Desjardins Securities’ Gary Ho bumped his Alaris Equity Partners Income Trust target to $20.50 from $20 with a “buy” rating. The average is $19.92.

“We tweaked our revenue estimates slightly while maintaining our EBITDA estimates,” said Mr. Ho. “AD’s portfolio remains healthy and we believe its larger investments (BCC and Planet Fitness) are both performing well. Lower risk-free rates also benefit FV on its common equity portfolio. We have now baked in a 5-per-cent dividend increase in 2H24.”

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