Fundamental Research Reiterates C$12.82 Price Target for Atrium Mortgage Investment (TSE:AI)

Fundamental Research set a C$12.82 price target on Atrium Mortgage Investment (TSE:AI) in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group set a C$13.50 price objective on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Buy” and a consensus price target of C$13.16.

Atrium Mortgage Investment Stock Performance

TSE AI opened at C$11.84 on Tuesday. The firm has a market cap of C$570.53 million, a P/E ratio of 11.96 and a beta of 0.70. Atrium Mortgage Investment has a 52-week low of C$10.98 and a 52-week high of C$12.36. The business’s 50-day moving average price is C$11.88 and its 200 day moving average price is C$11.82. The company has a quick ratio of 102.54, a current ratio of 3.72 and a debt-to-equity ratio of 55.94.

Atrium Mortgage Investment Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, August 12th were paid a $0.0775 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date was Friday, July 31st. Atrium Mortgage Investment’s dividend payout ratio (DPR) is 93.94%.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.