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


Atrium Mortgage Investment (TSE:AI – Get Rating)‘s stock had its “buy” rating reissued by equities research analysts at Fundamental Research in a report released on Tuesday, MarketBeat.com reports. They currently have a C$14.00 price objective on the stock. Fundamental Research’s price target points to a potential upside of 7.94% from the stock’s current price.

AI has been the topic of a number of other reports. Laurentian dropped their target price on shares of Atrium Mortgage Investment from C$15.00 to C$13.50 in a research note on Monday. Laurentian Bank of Canada reduced their price objective on Atrium Mortgage Investment to C$13.50 in a report on Monday. Finally, TD Securities lowered their target price on Atrium Mortgage Investment from C$15.00 to C$14.00 and set a “hold” rating on the stock in a research note on Monday.

Shares of AI stock traded up C$0.31 on Tuesday, hitting C$12.97. The stock had a trading volume of 51,973 shares, compared to its average volume of 42,292. The company has a debt-to-equity ratio of 62.86, a current ratio of 79.18 and a quick ratio of 77.63. The business has a 50 day moving average of C$13.65 and a 200 day moving average of C$13.99. Atrium Mortgage Investment has a 12-month low of C$12.07 and a 12-month high of C$15.49. The stock has a market cap of C$555.21 million and a price-to-earnings ratio of 13.17.

Atrium Mortgage Investment (TSE:AI – Get Rating) last released its 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, research analysts expect that Atrium Mortgage Investment will post 1.04 earnings per share for the current fiscal 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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