Fundamental Research Reiterates “Buy” Rating for Atrium Mortgage Investment (TSE:AI)

Atrium Mortgage Investment (TSE:AIGet Rating)‘s stock had its “buy” rating reissued by research analysts at Fundamental Research in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a C$13.55 price objective on the stock, down from their previous price objective of C$13.90. Fundamental Research’s target price indicates a potential upside of 18.96% from the company’s current price.

The analysts wrote, “Fundamental Research Corp has issued a report entitled “Record-Breaking Q3/Robust Outlook for Q4” and dated November 16, 2022. The full report is now at www.researchfrc.com.”

Separately, TD Securities raised Atrium Mortgage Investment from a “hold” rating to a “buy” rating and upped their price target for the stock from C$13.50 to C$14.00 in a research note on Thursday, August 18th.

Atrium Mortgage Investment Stock Up 1.5 %

TSE AI traded up C$0.17 on Tuesday, hitting C$11.39. 48,237 shares of the company were exchanged, compared to its average volume of 40,950. The stock has a fifty day moving average of C$10.89 and a 200-day moving average of C$11.65. Atrium Mortgage Investment has a 12 month low of C$10.15 and a 12 month high of C$14.55. The company has a market cap of C$492.01 million and a PE ratio of 11.20. The company has a current ratio of 102.56, a quick ratio of 102.54 and a debt-to-equity ratio of 79.61.

Atrium Mortgage Investment Company Profile

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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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