Atrium Mortgage Investment (TSE:AI) Stock Gets Price Target Trim from National Bank Financial

Atrium Mortgage Investment (TSE:AI) had its target price decreased by National Bank Financial from C$11.50 to C$11.00 in a research note issued to investors on Monday,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

AI has been the topic of several other research reports. TD dropped their target price on Atrium Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Wednesday, October 14th. 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$12.46.

Atrium Mortgage Investment Stock Up 1.2%

AI stock opened at C$11.43 on Monday. The firm’s 50-day moving average is C$11.32 and its two-hundred day moving average is C$11.67. The company has a market capitalization of C$552.59 million, a price-to-earnings ratio of 11.91 and a beta of 0.51. 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 current ratio of 3.72, a quick ratio of 102.54 and a debt-to-equity ratio of 55.94.

Atrium Mortgage Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, December 10th will be issued a $0.0775 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Monday, November 30th. Atrium Mortgage Investment’s dividend payout ratio is presently 96.88%.

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.