Atrium Mortgage Investment (TSE:AI) Hits New 12-Month High at $11.94

Atrium Mortgage Investment Co. (TSE:AI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.94 and last traded at C$11.92, with a volume of 2983 shares trading hands. The stock had previously closed at C$11.86.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$13.03 price target on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, August 20th.

Atrium Mortgage Investment Stock Performance

The company has a current ratio of 62.51, a quick ratio of 102.54 and a debt-to-equity ratio of 78.58. The company has a market cap of C$530.70 million, a price-to-earnings ratio of 11.40 and a beta of 1.22. The stock’s 50 day moving average price is C$11.32 and its 200 day moving average price is C$11.17.

Atrium Mortgage Investment (TSE:AI) last announced its earnings results on Thursday, August 8th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$24.93 million for the quarter. Atrium Mortgage Investment had a return on equity of 9.48% and a net margin of 81.77%. On average, analysts expect that Atrium Mortgage Investment Co. will post 1.0608538 EPS for the current fiscal year.

Atrium Mortgage Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be issued a $0.075 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Monday, September 30th. Atrium Mortgage Investment’s dividend payout ratio (DPR) is 86.54%.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.