Arlington Asset Investment Corp (AI) Announces Earnings Results
Arlington Asset Investment Corp (NYSE:AI) released its earnings results on Tuesday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.15, Bloomberg Earnings reports. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%.
Arlington Asset Investment Corp (NYSE:AI) opened at 12.67 on Wednesday. Arlington Asset Investment Corp has a 12 month low of $12.43 and a 12 month high of $17.13. The stock has a 50 day moving average price of $12.91 and a 200 day moving average price of $13.63. The stock’s market capitalization is $328.79 million.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 17.36%. The ex-dividend date is Thursday, September 28th. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -146.67%.
A number of analysts have issued reports on AI shares. Zacks Investment Research downgraded Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Maxim Group reissued a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Singular Research started coverage on Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 target price for the company. Finally, ValuEngine downgraded Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.94.
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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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