Atrium Mortgage Investment (TSE:AI) Stock Price Target Lowered at TD

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

Separately, Fundamental Research set a C$12.82 price objective on shares of Atrium Mortgage Investment and gave the company 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’s stock. Based on data from MarketBeat, the stock presently 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, reaching C$11.32. 47,417 shares of the company were exchanged, compared to its average volume of 122,633. The stock has a 50-day moving average price of C$11.46 and a 200-day moving average price of C$11.74. The company has a market cap of C$547.28 million, a price-to-earnings ratio of 11.43 and a beta of 0.61. The company has a current ratio of 3.72, a quick ratio of 102.54 and a debt-to-equity ratio of 55.94. Atrium Mortgage Investment has a 1-year low of C$10.98 and a 1-year high of C$12.36.

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.