Atrium Mortgage Investment (TSE:AI) Earns “Buy” Rating from Echelon Wealth Partners

Echelon Wealth Partners reaffirmed their buy rating on shares of Atrium Mortgage Investment (TSE:AI) in a research report report published on Tuesday, April 30th, reports.

AI has been the topic of several other reports. TD Securities restated a hold rating and issued a C$13.00 price target on shares of Atrium Mortgage Investment in a research report on Tuesday, April 2nd. Fundamental Research reduced their target price on Atrium Mortgage Investment from C$13.53 to C$13.38 and set a hold rating on the stock in a report on Friday, February 22nd.

AI stock traded down C$0.08 during midday trading on Tuesday, reaching C$13.54. 7,803 shares of the company’s stock traded hands, compared to its average volume of 34,266. The stock has a market capitalization of $536.97 million and a price-to-earnings ratio of 14.37. The company has a debt-to-equity ratio of 69.23, a current ratio of 102.66 and a quick ratio of 102.65. Atrium Mortgage Investment has a 1-year low of C$11.20 and a 1-year high of C$14.49.

Atrium Mortgage Investment (TSE:AI) last announced its quarterly earnings data on Wednesday, February 13th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$14.85 million during the quarter. On average, equities analysts expect that Atrium Mortgage Investment will post 0.75 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 13th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.90 annualized dividend and a yield of 6.65%. Atrium Mortgage Investment’s dividend payout ratio is presently 95.54%.

In other Atrium Mortgage Investment news, Director Nancy Lockhart sold 3,000 shares of Atrium Mortgage Investment stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of C$13.14, for a total transaction of C$39,420.00. Following the transaction, the director now directly owns 66,100 shares in the company, valued at C$868,554.

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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