National Bank Financial Issues Pessimistic Forecast for Atrium Mortgage Investment (TSE:AI) Stock Price

Atrium Mortgage Investment (TSE:AI) had its price objective reduced by stock analysts at National Bank Financial from C$11.50 to C$11.00 in a research note issued to investors on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price objective indicates a potential downside of 3.59% from the stock’s previous close.

A number of other research firms also recently issued reports on AI. TD decreased their price objective on Atrium Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Wednesday, October 14th. Fundamental Research set a C$12.82 target price on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Atrium Mortgage Investment presently has an average rating of “Buy” and a consensus price target of C$12.46.

Atrium Mortgage Investment Stock Up 0.9%

Shares of AI traded up C$0.10 on Monday, reaching C$11.41. The stock had a trading volume of 35,233 shares, compared to its average volume of 120,763. The company has a debt-to-equity ratio of 55.94, a quick ratio of 102.54 and a current ratio of 3.72. Atrium Mortgage Investment has a 12-month low of C$10.98 and a 12-month high of C$12.36. The firm has a market capitalization of C$551.63 million, a price-to-earnings ratio of 11.53 and a beta of 0.51. The company has a 50-day simple moving average of C$11.32 and a 200-day simple moving average of C$11.68.

About Atrium Mortgage Investment

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation (‘MIC’) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.