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Arlington Asset Investment Corp. (NYSE:AI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday. They currently have a $30.70 target price on the stock. Zacks‘s target price would indicate a potential upside of 14.94% from the stock’s previous close.

Shares of Arlington Asset Investment Corp. (NYSE:AI) traded up 0.26% on Wednesday, hitting $26.71. The stock had a trading volume of 125,193 shares. Arlington Asset Investment Corp. has a 1-year low of $22.50 and a 1-year high of $28.50. The stock’s 50-day moving average is $27.43 and its 200-day moving average is $26.61. The company has a market cap of $525.2 million and a price-to-earnings ratio of 8.47.

Arlington Asset Investment Corp. (NYSE:AI) last released its earnings data on Monday, April 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.71. Analysts expect that Arlington Asset Investment Corp. will post $4.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date of this dividend is Thursday, June 26th.

A number of other analysts have also recently weighed in on AI. Analysts at Credit Suisse raised their price target on shares of Arlington Asset Investment Corp. from $26.00 to $26.50 in a research note on Tuesday, May 27th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.60.

Arlington Asset Investment Corp. is a principal investment firm that acquires mortgage-related and other assets.

To view Zacks’ full report, visit Zacks’ official website.

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