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.
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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