Atrium Mortgage Investment (TSE:AI) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Atrium Mortgage Investment (TSE:AI) to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Separately, Fundamental Research set a C$13.12 target price on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of C$13.31.

Atrium Mortgage Investment Price Performance

Atrium Mortgage Investment stock opened at C$12.14 on Thursday. The company’s 50 day simple moving average is C$11.73 and its 200-day simple moving average is C$11.58. Atrium Mortgage Investment has a 1 year low of C$10.61 and a 1 year high of C$12.25. The company has a debt-to-equity ratio of 67.69, a quick ratio of 102.54 and a current ratio of 3.15. The company has a market capitalization of C$584.30 million, a price-to-earnings ratio of 11.79 and a beta of 0.69.

Atrium Mortgage Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 13th. Investors of record on Wednesday, May 13th will be given a $0.0775 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.7%. Atrium Mortgage Investment’s dividend payout ratio is 90.29%.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.