TD Securities Lowers Atrium Mortgage Investment (TSE:AI) Price Target to C$14.00

Atrium Mortgage Investment (TSE:AIGet Rating) had its target price dropped by equities researchers at TD Securities from C$15.00 to C$14.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 11.20% from the company’s current price.

Other analysts also recently issued reports about the stock. Fundamental Research cut their price objective on shares of Atrium Mortgage Investment from C$14.47 to C$14.44 and set a “buy” rating on the stock in a research report on Tuesday, March 8th. Laurentian dropped their price target on shares of Atrium Mortgage Investment from C$15.00 to C$13.50 in a report on Monday.

Shares of Atrium Mortgage Investment stock traded up C$0.10 during trading on Monday, hitting C$12.59. The company’s stock had a trading volume of 38,636 shares, compared to its average volume of 42,021. The company has a debt-to-equity ratio of 62.86, a quick ratio of 77.63 and a current ratio of 79.18. The company has a fifty day simple moving average of C$13.68 and a two-hundred day simple moving average of C$14.00. The company has a market capitalization of C$538.94 million and a PE ratio of 12.87. Atrium Mortgage Investment has a 52 week low of C$12.07 and a 52 week high of C$15.49.

Atrium Mortgage Investment (TSE:AIGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$15.77 million during the quarter. As a group, analysts predict that Atrium Mortgage Investment will post 1.04 EPS for the current year.

Atrium Mortgage Investment Company Profile (Get Rating)

Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, which includes first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing.

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