Arlington Asset Investment Corp (NYSE:AI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Arlington Asset Investment Corp (NYSE:AI) from a strong sell rating to a hold rating in a research note published on Monday, July 31st.

According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “

A number of other brokerages have also recently weighed in on AI. Maxim Group reiterated a buy rating and set a $14.00 price target (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. ValuEngine cut Arlington Asset Investment Corp from a hold rating to a sell rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $15.15.

Arlington Asset Investment Corp (AI) opened at 12.94 on Monday. Arlington Asset Investment Corp has a 52 week low of $12.63 and a 52 week high of $17.13. The stock’s market cap is $335.79 million. The stock has a 50 day moving average price of $13.34 and a 200 day moving average price of $14.16.

Arlington Asset Investment Corp (NYSE:AI) last released its earnings results on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. The firm had revenue of $18.93 million for the quarter, compared to the consensus estimate of $20.28 million. On average, equities analysts predict that Arlington Asset Investment Corp will post $2.31 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.55 per share. 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 payout ratio is -146.67%.

Several hedge funds have recently made changes to their positions in AI. Vanguard Group Inc. boosted its stake in Arlington Asset Investment Corp by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock valued at $15,102,000 after buying an additional 11,197 shares in the last quarter. State Street Corp boosted its stake in Arlington Asset Investment Corp by 9.5% in the second quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock valued at $7,210,000 after buying an additional 45,825 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 valued at $6,156,000 after buying an additional 37,778 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Arlington Asset Investment Corp by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 277,135 shares of the financial services provider’s stock valued at $3,916,000 after buying an additional 12,129 shares in the last quarter. Finally, PVG Asset Management Corp acquired a new stake in Arlington Asset Investment Corp during the first quarter valued at approximately $3,901,000. Institutional investors and hedge funds own 42.37% of the company’s stock.

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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