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

Atrium Mortgage Investment (TSE:AI) had its price target boosted by stock analysts at TD Securities from C$13.50 to C$14.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 3.02% from the stock’s current price.

Separately, Fundamental Research reissued a “hold” rating and issued a C$13.70 price objective on shares of Atrium Mortgage Investment in a research note on Wednesday, August 28th.

Shares of TSE:AI traded up C$0.03 during midday trading on Monday, reaching C$13.59. The company’s stock had a trading volume of 78,341 shares, compared to its average volume of 33,109. The firm has a market capitalization of $536.90 million and a price-to-earnings ratio of 14.25. The company has a debt-to-equity ratio of 74.76, a quick ratio of 93.92 and a current ratio of 93.94. The firm has a 50 day moving average price of C$13.73 and a two-hundred day moving average price of C$13.58. Atrium Mortgage Investment has a fifty-two week low of C$11.20 and a fifty-two week high of C$14.03.

Atrium Mortgage Investment (TSE:AI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.01). The firm had revenue of C$16.67 million during the quarter. As a group, research analysts anticipate that Atrium Mortgage Investment will post 0.75 earnings per share for the current year.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia in Canada. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, including 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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