Shares of Arlington Asset Investment Corp (NYSE:AI) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $14.58.

AI has been the topic of several analyst reports. Maxim Group reaffirmed a “buy” rating and set a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Singular Research initiated coverage on Arlington Asset Investment Corp in a report on Tuesday, August 1st. They set a “buy” rating and a $14.25 target price on the stock. Zacks Investment Research lowered Arlington Asset Investment Corp from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.

A number of institutional investors and hedge funds have recently modified their holdings of AI. Teachers Advisors LLC grew its holdings in Arlington Asset Investment Corp by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 34,205 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 1,690 shares during the period. Bank of New York Mellon Corp grew its holdings in Arlington Asset Investment Corp by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 277,135 shares of the financial services provider’s stock valued at $3,916,000 after purchasing an additional 12,129 shares during the period. Karp Capital Management Corp acquired a new stake in Arlington Asset Investment Corp in the first quarter valued at approximately $149,000. Ameriprise Financial Inc. grew its holdings in Arlington Asset Investment Corp by 9.5% in the first quarter. Ameriprise Financial Inc. now owns 435,716 shares of the financial services provider’s stock valued at $6,156,000 after purchasing an additional 37,778 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Arlington Asset Investment Corp by 116.5% in the first quarter. Parametric Portfolio Associates LLC now owns 109,984 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 59,175 shares during the period. 38.58% of the stock is currently owned by institutional investors.

Arlington Asset Investment Corp (NYSE AI) opened at 13.11 on Friday. The company has a 50-day moving average price of $12.99 and a 200-day moving average price of $13.90. Arlington Asset Investment Corp has a 12-month low of $12.62 and a 12-month high of $17.13. The stock’s market capitalization is $340.20 million.

Arlington Asset Investment Corp (NYSE:AI) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $20.28 million. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. Analysts expect that Arlington Asset Investment Corp will post $2.31 earnings per share for the current fiscal year.

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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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