Somewhat Favorable News Coverage Somewhat Unlikely to Affect Arlington Asset Investment Corp (AI) Stock Price
Headlines about Arlington Asset Investment Corp (NYSE:AI) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arlington Asset Investment Corp earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.3046233312099 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Arlington Asset Investment Corp (NYSE AI) traded down 0.47% during trading on Friday, hitting $12.71. 359,190 shares of the stock were exchanged. The stock’s market cap is $329.82 million. Arlington Asset Investment Corp has a one year low of $12.43 and a one year high of $17.13. The stock’s 50 day moving average price is $12.99 and its 200 day moving average price is $13.77.
Arlington Asset Investment Corp (NYSE:AI) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $20.28 million. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. Equities research analysts predict that Arlington Asset Investment Corp will post $2.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.20 dividend on an annualized basis and a yield of 17.31%. Arlington Asset Investment Corp’s payout ratio is currently -146.67%.
AI has been the topic of a number of recent research reports. Maxim Group restated a “buy” rating and set a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday, July 24th. Singular Research assumed coverage on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 1st. They set a “buy” rating and a $14.25 target price on the stock. Zacks Investment Research upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, ValuEngine lowered shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.94.
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About Arlington Asset Investment Corp
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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