Bullboard - Stock Discussion Forum Alaris Equity Partners Income 6 25 Senior Unsecured Debentures T.AD.DB.A

Alternate Symbol(s): ADLRF | 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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Post by retiredcf on Apr 29, 2022 8:31am

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Previewing its first quarter, Desjardins Securities’ Gary Ho raised his Alaris Equity Partners Income Trust target to $24.50, exceeding the $24.29 average, from $24 with a “buy” rating.

“Our investment thesis is based on: (1) AD’s diverse portfolio is well-positioned to benefit from the overall U.S. macro outlook; (2) strong pace of capital deployment supported by a fortified balance sheet from the Kimco redemption and recent debt financing; (3) healthy 60–65-per-cent payout ratio; and (4) the units remain attractively valued, trading at 1.1 times P/BV with a 7.1-per-cent distribution yield,” he said.

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