Several brokerages have updated their recommendations and price targets on shares of Arlington Asset Investment Corp (NYSE: AI) in the last few weeks:

  • 8/5/2017 – Arlington Asset Investment Corp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/1/2017 – Arlington Asset Investment Corp is now covered by analysts at Singular Research. They set a “buy” rating and a $14.25 price target on the stock.
  • 7/31/2017 – Arlington Asset Investment Corp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “
  • 7/27/2017 – Arlington Asset Investment Corp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Arlington Asset Investment Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $14.00 price target on the stock, down previously from $16.00. They wrote, “On June 16, AI announced that it was reducing its 2Q17 quarterly dividend to $0.55, from $0.625. We are lowering our 2017 dividend estimate to $2.27, from $2.50, and lowering our 2017 EPS estimate to $1.86, from $2.10.””
  • 7/20/2017 – Arlington Asset Investment Corp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “
  • 6/27/2017 – Arlington Asset Investment Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “

Shares of Arlington Asset Investment Corp (AI) traded up 0.46% during mid-day trading on Wednesday, hitting $13.18. The stock had a trading volume of 287,022 shares. Arlington Asset Investment Corp has a 52 week low of $12.63 and a 52 week high of $17.13. The stock’s market capitalization is $320.52 million. The stock has a 50 day moving average of $13.78 and a 200-day moving average of $14.31.

Arlington Asset Investment Corp (NYSE:AI) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share 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 business had revenue of $18.93 million during the quarter, compared to analysts’ expectations of $20.28 million. On average, equities research analysts predict that Arlington Asset Investment Corp will post $2.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 16.69%. Arlington Asset Investment Corp’s payout ratio is presently -146.67%.

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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