Atrium Mortgage Investment (TSE:AI) Stock Gets Price Target Reduction from TD

Atrium Mortgage Investment (TSE:AI) had its target price trimmed by TD from C$13.00 to C$12.50 in a research note released on Wednesday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

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

Atrium Mortgage Investment Trading Down 0.2%

Shares of AI stock opened at C$11.26 on Wednesday. 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 52-week low of C$10.98 and a 52-week high of C$12.36. The company has a market capitalization of C$544.38 million, a PE ratio of 11.37 and a beta of 0.61. The business’s fifty day moving average is C$11.44 and its 200 day moving average is C$11.73.

Atrium Mortgage Investment Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th were given a $0.0775 dividend. This represents a $0.93 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, July 31st. Atrium Mortgage Investment’s dividend payout ratio is 93.94%.

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.