Arlington Asset Investment (AI) Price Target Cut to $12.00

Arlington Asset Investment (NYSE:AI) had its price target dropped by research analysts at B. Riley from $13.00 to $12.00 in a report issued on Thursday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. B. Riley’s price target suggests a potential upside of 10.09% from the stock’s previous close.

Several other equities research analysts have also issued reports on AI. FBR & Co reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a research note on Friday, October 27th. Zacks Investment Research lowered Arlington Asset Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.45.

Shares of Arlington Asset Investment (AI) traded up $0.17 during trading on Thursday, reaching $10.90. The company had a trading volume of 733,636 shares, compared to its average volume of 565,295. Arlington Asset Investment has a 52 week low of $9.90 and a 52 week high of $15.24. The company has a market capitalization of $305.61, a price-to-earnings ratio of 18.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05.

Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.38. Arlington Asset Investment had a return on equity of 4.71% and a net margin of 14.42%. The company had revenue of $15.66 million during the quarter, compared to analyst estimates of $18.14 million. sell-side analysts predict that Arlington Asset Investment will post 1.47 earnings per share for the current year.

Several hedge funds have recently modified their holdings of AI. Schwab Charles Investment Management Inc. lifted its stake in shares of Arlington Asset Investment by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 532 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arlington Asset Investment by 2.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock worth $1,147,000 after acquiring an additional 1,847 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Arlington Asset Investment by 79.2% during the 2nd quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 12,200 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Arlington Asset Investment by 15.1% during the 2nd quarter. Teachers Advisors LLC now owns 41,993 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 5,510 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Arlington Asset Investment by 149.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 6,314 shares during the last quarter. 37.77% of the stock is owned by hedge funds and other institutional investors.

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Arlington Asset Investment 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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