Shares of Atrium Mortgage Investment Co. (TSE:AI – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$11.25 and traded as high as C$11.42. Atrium Mortgage Investment shares last traded at C$11.38, with a volume of 69,667 shares traded.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 20th.
Atrium Mortgage Investment Trading Down 0.1 %
Atrium Mortgage Investment Announces Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were issued a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend was Friday, November 29th. Atrium Mortgage Investment’s dividend payout ratio is currently 86.54%.
Insider Buying and Selling
In related news, Director Mark Silver bought 2,854 shares of the stock in a transaction on Friday, October 4th. The shares were purchased at an average price of C$11.45 per share, for a total transaction of C$32,678.30. Insiders own 4.45% of the company’s stock.
About Atrium Mortgage Investment
Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters.
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