Arlington Asset Investment Corp (AI) Issues Earnings Results
Arlington Asset Investment Corp (NYSE:AI) announced its quarterly earnings data on Monday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02, Bloomberg Earnings reports. Arlington Asset Investment Corp had a negative net margin of 4.51% and a negative return on equity of 1.78%.
Arlington Asset Investment Corp (NYSE AI) traded down 5.60% on Tuesday, hitting $12.82. The stock had a trading volume of 1,765,931 shares. The company has a 50-day moving average price of $14.17 and a 200 day moving average price of $14.44. The firm’s market cap is $302.91 million. Arlington Asset Investment Corp has a 52-week low of $12.63 and a 52-week high of $17.13.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 17.16%. The ex-dividend date is Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio is currently -1,100.00%.
Several research analysts have recently weighed in on AI shares. Zacks Investment Research cut Arlington Asset Investment Corp from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Maxim Group restated a “buy” rating and issued a $14.00 price target (down previously from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.38.
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Arlington Asset Investment Corp Company Profile
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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