Arlington Asset Investment Corp (AI) Receives New Coverage from Analysts at Singular Research

Singular Research initiated coverage on shares of Arlington Asset Investment Corp (NYSE:AI) in a research note issued to investors on Tuesday, August 1st, MarketBeat reports. The brokerage issued a buy rating and a $14.25 price target on the financial services provider’s stock.

Several other brokerages also recently weighed in on AI. Maxim Group reiterated a buy rating and issued a $14.00 price target (down previously from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Arlington Asset Investment Corp from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Monday, May 1st. Finally, ValuEngine lowered Arlington Asset Investment Corp from a hold rating to a sell rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Arlington Asset Investment Corp currently has an average rating of Hold and an average target price of $15.15.

Arlington Asset Investment Corp (NYSE:AI) opened at 12.94 on Tuesday. The company’s market capitalization is $335.79 million. Arlington Asset Investment Corp has a 12-month low of $12.63 and a 12-month high of $17.13. The firm has a 50-day moving average of $13.34 and a 200 day moving average of $14.16.

Arlington Asset Investment Corp (NYSE:AI) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Arlington Asset Investment Corp had a negative net margin of 33.84% and a negative return on equity of 10.44%. The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $20.28 million. Analysts forecast that Arlington Asset Investment Corp will post $2.31 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 17.00%. The ex-dividend date was Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -146.67%.

Hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in shares of Arlington Asset Investment Corp by 29.3% in the first quarter. Creative Planning now owns 25,954 shares of the financial services provider’s stock worth $367,000 after buying an additional 5,888 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Arlington Asset Investment Corp by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 34,205 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,690 shares during the period. Norges Bank purchased a new position in shares of Arlington Asset Investment Corp during the fourth quarter worth approximately $888,000. Ameriprise Financial Inc. boosted its position in shares of Arlington Asset Investment Corp by 9.5% in the first quarter. Ameriprise Financial Inc. now owns 435,716 shares of the financial services provider’s stock worth $6,156,000 after buying an additional 37,778 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Arlington Asset Investment Corp during the first quarter worth approximately $147,000. 42.37% of the stock is owned by hedge funds and other institutional investors.

Arlington Asset Investment Corp Company Profile

Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

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