Atrium Mortgage Investment (AI) Reaches New 52-Week High at $12.84
Atrium Mortgage Investment Corp (TSE:AI)’s share price hit a new 52-week high on Friday . The company traded as high as C$12.84 and last traded at C$12.62, with a volume of 34144 shares. The stock had previously closed at C$12.58.
AI has been the topic of several research analyst reports. Fundamental Research set a C$13.07 target price on Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Thursday, December 28th. TD Securities reaffirmed a “hold” rating and set a C$12.50 target price on shares of Atrium Mortgage Investment in a research note on Wednesday, October 11th.
The company has a market cap of $419.30, a P/E ratio of 13.28 and a beta of 0.23.
The firm also recently announced a monthly dividend, which will be paid on Monday, February 12th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 7.13%. The ex-dividend date is Tuesday, January 30th. This is a boost from Atrium Mortgage Investment’s previous monthly dividend of $0.07. Atrium Mortgage Investment’s payout ratio is 92.10%.
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Atrium Mortgage Investment Company Profile
Atrium Mortgage Investment Corporation is a non-bank lender. The Company provides residential and commercial mortgages that lends in urban centers in Canada. Its mortgages are secured by all types of residential, multi-residential and commercial real property located in Canada. Its investment objectives are to preserve its shareholders equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans.
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