Atrium Mortgage Investment Co. (TSE:AI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.74 and last traded at C$11.70, with a volume of 17417 shares. The stock had previously closed at C$11.70.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$13.03 price objective on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, August 20th.
View Our Latest Stock Analysis on Atrium Mortgage Investment
Atrium Mortgage Investment Price Performance
Atrium Mortgage Investment (TSE:AI – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.26 EPS for the quarter. Atrium Mortgage Investment had a return on equity of 9.48% and a net margin of 81.77%. The company had revenue of C$24.93 million during the quarter. On average, equities analysts predict that Atrium Mortgage Investment Co. will post 1.0300273 EPS for the current fiscal year.
Atrium Mortgage Investment Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 7.79%. Atrium Mortgage Investment’s dividend payout ratio is presently 86.54%.
About Atrium Mortgage Investment
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.
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