Shares of Arlington Asset Investment Corp (NYSE:AI) have been given an average rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.58.

AI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Arlington Asset Investment Corp from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Maxim Group reaffirmed a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Singular Research initiated coverage on Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 target price for the company. Finally, BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th.

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Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in Arlington Asset Investment Corp by 39.4% during the 2nd quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 2,475 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Arlington Asset Investment Corp during the 1st quarter valued at about $147,000. Karp Capital Management Corp acquired a new position in Arlington Asset Investment Corp during the 1st quarter valued at about $149,000. PNC Financial Services Group Inc. boosted its stake in Arlington Asset Investment Corp by 149.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 6,314 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Arlington Asset Investment Corp during the 1st quarter valued at about $179,000. Institutional investors and hedge funds own 38.58% of the company’s stock.

Arlington Asset Investment Corp (NYSE:AI) traded up 0.46% on Friday, hitting $13.23. The stock had a trading volume of 424,325 shares. The company has a 50-day moving average price of $12.99 and a 200-day moving average price of $13.89. Arlington Asset Investment Corp has a 52 week low of $12.62 and a 52 week high of $17.13. The stock’s market capitalization is $343.32 million.

Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Arlington Asset Investment Corp had a negative net margin of 33.84% and a negative return on equity of 10.44%. The firm had revenue of $18.93 million during the quarter, compared to the consensus estimate of $20.28 million. Equities research analysts anticipate that Arlington Asset Investment Corp will post $2.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders 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 16.53%. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is currently -146.67%.

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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