Brokers Set Expectations for Alaris Royalty Corp.’s FY2019 Earnings (AD)
Alaris Royalty Corp. (TSE:AD) – Stock analysts at National Bank Financial issued their FY2019 earnings per share estimates for shares of Alaris Royalty in a research note issued on Sunday. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings of $1.75 per share for the year. National Bank Financial has a “Outperform” rating and a $20.00 price objective on the stock.
Separately, Raymond James Financial raised their price target on Alaris Royalty from C$20.00 to C$21.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 19th.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Tuesday, February 27th. Alaris Royalty’s dividend payout ratio is currently 506.25%.
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.
Receive News & Ratings for Alaris Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Royalty and related companies with MarketBeat.com's FREE daily email newsletter.