Arlington Asset Investment Corp (NYSE:AI) has earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.45.
A number of equities research analysts recently issued reports on AI shares. Zacks Investment Research cut Arlington Asset Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. FBR & Co restated a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a research note on Friday, October 27th. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, B. Riley lowered their price objective on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th.
Several institutional investors and hedge funds have recently made changes to their positions in AI. BlackRock Inc. increased its position in shares of Arlington Asset Investment by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,297,059 shares of the financial services provider’s stock valued at $15,280,000 after buying an additional 77,531 shares during the period. Cetera Investment Advisers bought a new stake in shares of Arlington Asset Investment during the second quarter valued at about $970,000. State Street Corp increased its position in shares of Arlington Asset Investment by 9.5% during 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 during the period. Bramshill Investments LLC bought a new stake in shares of Arlington Asset Investment during the fourth quarter valued at about $499,000. Finally, Deutsche Bank AG increased its position in shares of Arlington Asset Investment by 52.4% during the fourth quarter. Deutsche Bank AG now owns 120,527 shares of the financial services provider’s stock valued at $1,418,000 after buying an additional 41,431 shares during the period. Hedge funds and other institutional investors own 41.05% of the company’s stock.
Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a return on equity of 4.71% and a net margin of 14.42%. The business had revenue of $15.66 million for the quarter, compared to analysts’ expectations of $18.14 million. research analysts predict that Arlington Asset Investment will post 1.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 19.26%. The ex-dividend date of this dividend was Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is presently 379.31%.
Arlington Asset Investment 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).
Receive News & Ratings for Arlington Asset Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlington Asset Investment and related companies with MarketBeat.com's FREE daily email newsletter.