Atrium Mortgage Investment (TSE:AI) Stock Gets Price Target Trim from National Bank Financial

Atrium Mortgage Investment (TSE:AI) had its price target lowered by National Bank Financial from C$12.00 to C$11.50 in a research report report published on Wednesday,BayStreet reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently commented on AI. Fundamental Research set a C$12.82 price objective on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 11th. TD dropped their target price on Atrium Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$12.58.

Atrium Mortgage Investment Trading Down 1.2%

TSE:AI opened at C$11.12 on Wednesday. Atrium Mortgage Investment has a one year low of C$10.98 and a one year high of C$12.36. The company has a debt-to-equity ratio of 55.94, a quick ratio of 102.54 and a current ratio of 3.72. The firm has a market cap of C$537.61 million, a P/E ratio of 11.23 and a beta of 0.61. The firm has a 50-day simple moving average of C$11.35 and a 200-day simple moving average of C$11.69.

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.