TD Has Lowered Expectations for Atrium Mortgage Investment (TSE:AI) Stock Price

Atrium Mortgage Investment (TSE:AI) had its price objective cut by investment analysts at TD from C$13.00 to C$12.50 in a research report issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 10.42% from the stock’s previous close.

Separately, Fundamental Research set a C$12.82 target price on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, Atrium Mortgage Investment has an average rating of “Buy” and an average price target of C$12.94.

Atrium Mortgage Investment Stock Down 0.5%

Shares of AI traded down C$0.06 during midday trading on Wednesday, hitting C$11.32. The company had a trading volume of 47,417 shares, compared to its average volume of 122,633. 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 1 year low of C$10.98 and a 1 year high of C$12.36. The firm has a market capitalization of C$547.28 million, a P/E ratio of 11.43 and a beta of 0.61. The company’s 50-day simple moving average is C$11.46 and its 200-day simple moving average is C$11.74.

Atrium Mortgage Investment Company Profile

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.