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Alaris Royalty ( ($TSE:AD.UN) ) has issued an announcement.
Alaris Equity Partners has announced new investments totaling US$52.7 million, including a significant investment in McCoy Roofing Holdings LLC, a leading residential roofing service provider. This move, along with strong performance from existing partners, has allowed Alaris to increase its distribution by 9%, reflecting confidence in its growth trajectory and the strength of its investment pipeline. The firm continues to expand its common equity portfolio, positioning itself and its unitholders to benefit from value creation within its partner companies.
The most recent analyst rating on ($TSE:AD.UN) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Alaris Royalty stock, see the TSE:AD.UN Stock Forecast page.
Spark’s Take on TSE:AD.UN Stock
According to Spark, TipRanks’ AI Analyst, TSE:AD.UN is a Outperform.
Alaris Royalty’s strong financial performance, characterized by robust profitability and a healthy balance sheet, is a key strength. The stock appears undervalued with a high dividend yield, appealing to income investors. Despite limited technical momentum, recent strategic investments and consistent distributions bolster confidence in future growth. Overall, the stock presents a stable investment opportunity with potential upside from strategic initiatives.
To see Spark’s full report on TSE:AD.UN stock, click here.
More about Alaris Royalty
Alaris Equity Partners is a private equity firm that invests in a diverse range of companies across North America. The firm focuses on providing capital to businesses in various industries, allowing them to grow and expand their operations. Alaris has a history of investing in companies that offer essential services, with a strong emphasis on generating returns for its unitholders.
Average Trading Volume: 77,308
Technical Sentiment Signal: Buy
Current Market Cap: C$906.8M
For detailed information about AD.UN stock, go to TipRanks’ Stock Analysis page.