Atrium Mortgage Investment (TSE:AI) Stock Price Target Lowered at National Bank Financial

Atrium Mortgage Investment (TSE:AI) had its target price decreased by research 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 brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s price objective points to a potential downside of 3.59% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. TD lowered their price target on Atrium Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Fundamental Research set a C$12.82 price target on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$12.46.

Atrium Mortgage Investment Stock Up 0.9%

Atrium Mortgage Investment stock traded up C$0.10 during mid-day trading on Monday, hitting C$11.41. The company had a trading volume of 35,233 shares, compared to its average volume of 120,763. Atrium Mortgage Investment has a 12 month low of C$10.98 and a 12 month high of C$12.36. The company has a market capitalization of C$551.63 million, a PE ratio of 11.53 and a beta of 0.51. The stock’s 50 day moving average price is C$11.32 and its two-hundred day moving average price is C$11.68. The company has a current ratio of 3.72, a quick ratio of 102.54 and a debt-to-equity ratio of 55.94.

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.