Atrium Mortgage Invest Receives a Hold from TD Securities

By Austin Angelo

Wall Street analyst has provided a rating update for the Financial sector company on June 14, while remaining neutral on the stock. On June 14, analyst Graham Ryding gave a Hold rating to AI and set a C$12.50 price target.

Ryding observed:

“We are resuming coverage following Atrium Mortgage Investment Corporation’s (Atrium’s) recent $22mm convertible debenture issue ($25.3mm if the over-allotment is exercised).”

According to TipRanks.com, Ryding is ranked #1822 out of 4569 analysts.

Atrium Mortgage Invest has an analyst consensus of Hold, with a price target consensus of C$12.50.

Atrium Mortgage Invest’s market cap is currently C$362.8M and has a P/E ratio of 12.1.

Atrium Mortgage Investment Corp. operates as a non-bank lender. It is engaged in providing financing solutions in both the commercial and residential real estate sectors. The company funds a variety of types of mortgages including term, construction and bridge financing. Its investment strategy is to invest in commercial and residential mortgages from borrowers whose financing needs are not being met by the larger financial institutions. The company was founded by Robert G. Goodall on July 30, 2001 and is headquartered in Toronto, Canada.

The company’s shares closed last Thursday at $12.05.