Analysts Set Arlington Asset Investment Corp (AI) Target Price at $13.45

Shares of Arlington Asset Investment Corp (NYSE:AI) have received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.45.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th. Finally, B. Riley decreased their price objective on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, February 8th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Arlington Asset Investment by 1.0% during 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 acquiring an additional 11,197 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Arlington Asset Investment by 79.2% during the second quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 12,200 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Arlington Asset Investment by 10.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 97,466 shares of the financial services provider’s stock valued at $1,241,000 after acquiring an additional 9,410 shares during the period. Cetera Investment Advisers acquired a new position in shares of Arlington Asset Investment during the second quarter valued at $970,000. Finally, Trexquant Investment LP acquired a new position in shares of Arlington Asset Investment during the third quarter valued at $377,000. 39.62% of the stock is owned by institutional investors.

Arlington Asset Investment (NYSE AI) traded down $0.02 during mid-day trading on Monday, hitting $10.91. 87,616 shares of the stock were exchanged, compared to its average volume of 593,080. Arlington Asset Investment has a twelve month low of $9.90 and a twelve month high of $15.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $306.45, a P/E ratio of 18.84 and a beta of 0.83.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.38. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.71%. The business had revenue of $15.66 million during the quarter, compared to the consensus estimate of $18.14 million. research analysts forecast that Arlington Asset Investment will post 1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 20.16%. The ex-dividend date of this dividend was Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is presently 379.31%.

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About Arlington Asset Investment

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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