Atrium Mortgage Invest (AI), the Financial sector company, was revisited by a Wall Street analyst today. Fundamental Research’s analyst Siddharth Rajeev reiterates their Hold rating on the shares, with a C$13.53 price target.
According to TipRanks.com, Rajeev has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 29.1% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Golden Arrow Resources Corporation, NexGen Energy Ltd, and Vista Gold Corp.
Atrium Mortgage Invest has an analyst consensus of Hold, with a price target consensus of C$13.53.
Based on Atrium Mortgage Invest’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.7 million. In comparison, last year the company had a net profit of C$7.21 million.
Atrium Mortgage Investment Corp. engages in the provision of financing solutions in both the commercial and residential real estate sectors. It funds a variety of types of mortgages including term, construction and bridge financing.
The company’s shares closed on Thursday at C$13.51.
