Arlington Asset Investment Corp. (NYSE:AI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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

Separately, Wunderlich lifted their target price on shares of Arlington Asset Investment Corp. from $14.50 to $15.50 and gave the stock a “hold” rating in a report on Thursday, October 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.19.

Shares of Arlington Asset Investment Corp. (NYSE:AI) opened at 14.77 on Tuesday. The stock has a market capitalization of $340.27 million, a PE ratio of 17.99 and a beta of 1.06. The company’s 50 day moving average is $14.62 and its 200-day moving average is $13.92. Arlington Asset Investment Corp. has a 52 week low of $9.42 and a 52 week high of $15.71.

Arlington Asset Investment Corp. (NYSE:AI) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Arlington Asset Investment Corp. had a net margin of 18.97% and a return on equity of 17.14%. On average, equities analysts predict that Arlington Asset Investment Corp. will post $2.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were paid a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 16.93%. Arlington Asset Investment Corp.’s dividend payout ratio is presently 308.64%.

Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Arlington Asset Investment Corp. by 0.8% in the third quarter. California State Teachers Retirement System now owns 47,695 shares of the company’s stock worth $705,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Arlington Asset Investment Corp. by 0.4% in the third quarter. Rhumbline Advisers now owns 30,745 shares of the company’s stock worth $455,000 after buying an additional 130 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Arlington Asset Investment Corp. by 9.8% in the third quarter. Prudential Financial Inc. now owns 125,804 shares of the company’s stock worth $1,861,000 after buying an additional 11,190 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Arlington Asset Investment Corp. by 7.0% in the third quarter. UBS Asset Management Americas Inc. now owns 24,500 shares of the company’s stock worth $362,000 after buying an additional 1,600 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Arlington Asset Investment Corp. by 11.5% in the third quarter. Bank of New York Mellon Corp now owns 264,928 shares of the company’s stock worth $3,919,000 after buying an additional 27,237 shares in the last quarter. Hedge funds and other institutional investors own 40.05% of the company’s stock.

Arlington Asset Investment Corp. Company Profile

Arlington Asset Investment Corp. is a principal investment firm. The Company acquires and holds a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. The Company may invest in other types of residential mortgage assets, such as residential mortgage loans, mortgage servicing rights and government sponsored enterprise (GSE) credit risk transfer securities, as well as other types of assets, including commercial MBS, asset backed securities, other structured securities, commercial mortgage loans, commercial loans, and other real estate-related loans and securities.

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