Arlington Asset Investment Corp (NYSE:AI) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.75.

Several equities research analysts have commented on AI shares. Zacks Investment Research lowered Arlington Asset Investment Corp from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Maxim Group reiterated a “buy” rating and set a $14.00 price objective (down from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday. Finally, ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday.

Shares of Arlington Asset Investment Corp (NYSE:AI) opened at 12.80 on Thursday. The company’s market capitalization is $302.44 million. The company’s 50 day moving average price is $14.08 and its 200 day moving average price is $14.41. Arlington Asset Investment Corp has a 52-week low of $12.63 and a 52-week high of $17.13.

Arlington Asset Investment Corp (NYSE:AI) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Arlington Asset Investment Corp had a negative net margin of 33.84% and a negative return on equity of 10.14%. The business had revenue of $18.93 million during the quarter, compared to analysts’ expectations of $20.28 million. On average, analysts predict that Arlington Asset Investment Corp will post $2.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 17.19%. The ex-dividend date of this dividend is Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio is currently -146.67%.

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Several hedge funds and other institutional investors have recently modified their holdings of AI. BlueCrest Capital Management Ltd acquired a new position in Arlington Asset Investment Corp during the first quarter worth approximately $147,000. Karp Capital Management Corp acquired a new position in Arlington Asset Investment Corp during the first quarter worth approximately $149,000. SG Americas Securities LLC acquired a new position in Arlington Asset Investment Corp during the first quarter worth approximately $179,000. American International Group Inc. boosted its position in Arlington Asset Investment Corp by 7.2% in the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after buying an additional 937 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new position in Arlington Asset Investment Corp during the first quarter worth approximately $196,000. Institutional investors and hedge funds own 42.66% of the company’s stock.

About Arlington Asset Investment Corp

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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