10:20:29 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Atrium Mortgage Investment Corp
Symbol AI
Shares Issued 43,965,479
Close 2024-01-23 C$ 11.05
Market Cap C$ 485,818,543
Recent Sedar Documents

Globe says Mathur cuts Atrium Mortgage to "hold"

2024-01-23 07:44 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 23, edition that Laurentian Bank Securities analyst Gaurav Mathur has lowered his recommendation for Atrium Mortgage Investment to "hold" from "buy" with an unchanged $13 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $13.16. Mr. Mathur says in a note: "We are downgrading our rating given the ongoing headwinds in the lending sector and asset rerating cycle. The MIC has raised its loan loss provisions through 2023 to reflect the credit risk in the market and we expect the CRE headwinds to continue in 2024. At the same time, management views construction loans to remain as one of the riskiest avenues of financing, given rampant project cost overruns and time delays, partially offset by lower labour pricing pressures." The Globe reported on May 1, 2019, that Echelon analyst Stephan Boire rated Atrium "buy" in new coverage. The shares could then be had for $13.43. The Globe's guest columnist Phil Dabo recommended buying Atrium on Aug. 31, 2021, when it could be had for $14.43. The Globe reported on March 24, 2022, that TD Securities analyst Graham Ryding rated Atrium "hold." It was then worth $14.16.

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