Arlington Asset Investment Corp Reaches New 12-Month High at $28.66 (AI)
Arlington Asset Investment Corp (NYSE:AI) shares hit a new 52-week high during trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $28.66 and last traded at $28.42, with a volume of 95,931 shares traded. The stock had previously closed at $28.42.
A number of research firms have recently commented on AI. Analysts at Zacks upgraded shares of Arlington Asset Investment Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, August 22nd. They now have a $30.70 price target on the stock. Analysts at MLV & Co
reiterated a “buy” rating on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 19th. They now have a $30.50 price target on the stock.
The stock has a 50-day moving average of $27.04 and a 200-day moving average of $26.82. The company has a market cap of $558.6 million and a P/E ratio of 7.31.
Arlington Asset Investment Corp (NYSE:AI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.16. On average, analysts predict that Arlington Asset Investment Corp will post $4.69 earnings per share for the current fiscal year.
Arlington Asset Investment Corp. is a principal investment firm that acquires mortgage-related and other assets.
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