Weekly Investment Analysts’ Ratings Updates for Arlington Asset Investment (AI)

A number of firms have modified their ratings and price targets on shares of Arlington Asset Investment (NYSE: AI) recently:

  • 5/15/2019 – Arlington Asset Investment 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. “
  • 5/2/2019 – Arlington Asset Investment had its “hold” rating reaffirmed by analysts at Maxim Group. They wrote, “AI reported 1Q19 core operating income of $0.32 versus its dividend of $0.375. Book value was stable, as investment gains recouped some of 4Q18’s investment losses. With both a common equity raise and a preferred equity raise in 1Q19, AI was able both to increase the size of its investment portfolio and reduce leverage. We count preferred as debt in computing leverage: by our calculations, AI’s leverage declined to 12.6x, from 14.3x. While AI is currently trading at a 12% discount to book value per share, we are maintaining our Hold rating, because other mortgage REITs with similar recent operating histories are trading at similar discounts.””
  • 5/2/2019 – Arlington Asset Investment was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 5/1/2019 – Arlington Asset Investment was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of AI stock traded down $0.05 during trading hours on Thursday, hitting $7.56. 10,944 shares of the company’s stock traded hands, compared to its average volume of 494,130. The company has a market capitalization of $232.03 million, a P/E ratio of 3.67 and a beta of 0.92. Arlington Asset Investment Corp has a 12 month low of $6.92 and a 12 month high of $11.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.11 and a current ratio of 0.11.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The business had revenue of $7.92 million for the quarter. Arlington Asset Investment had a negative net margin of 13.31% and a positive return on equity of 11.51%. As a group, sell-side analysts forecast that Arlington Asset Investment Corp will post 1.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 19.84%. The ex-dividend date of this dividend was Thursday, March 28th. Arlington Asset Investment’s dividend payout ratio (DPR) is presently 72.82%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Arlington Asset Investment in the fourth quarter worth $38,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Arlington Asset Investment in the first quarter worth $48,000. BNP Paribas Arbitrage SA grew its holdings in Arlington Asset Investment by 472.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,235 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,145 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Arlington Asset Investment by 403.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,418 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 7,549 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Arlington Asset Investment in the fourth quarter worth $78,000. Institutional investors own 45.93% of the company’s stock.

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

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