Atrium Mortgage Investment (TSE:AI) Hits New 1-Year High at $14.39

09 Dec 2019, 12:55 by Doug Wharley

Atrium Mortgage Investment Corp (TSE:AI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$14.39 and last traded at C$14.33, with a volume of 30830 shares. The stock had previously closed at C$14.24.

AI has been the topic of several recent analyst reports. TD Securities boosted their target price on Atrium Mortgage Investment from C$13.50 to C$14.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Fundamental Research set a C$14.09 target price on Atrium Mortgage Investment and gave the stock a “hold” rating in a report on Tuesday, December 3rd.

The stock has a market cap of $586.98 million and a P/E ratio of 14.90. The company has a fifty day moving average of C$13.94 and a 200 day moving average of C$13.71. The company has a debt-to-equity ratio of 75.06, a current ratio of 126.66 and a quick ratio of 126.64.

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, December 12th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.90 annualized dividend and a yield of 6.29%. Atrium Mortgage Investment’s payout ratio is 93.56%.

Atrium Mortgage Investment Company Profile (TSE:AI)

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.