Shares of Arlington Asset Investment Corp (NYSE:AI) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.45.
A number of research analysts have recently commented on AI shares. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co reiterated a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th. Zacks Investment Research downgraded Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, B. Riley dropped their price objective on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday.
Shares of Arlington Asset Investment (NYSE:AI) opened at $10.56 on Monday. Arlington Asset Investment has a 12-month low of $9.90 and a 12-month high of $15.24. The stock has a market capitalization of $297.17, a PE ratio of 18.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were issued a $0.55 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 20.83%. Arlington Asset Investment’s payout ratio is currently 379.31%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in 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 buying an additional 532 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 buying an additional 1,847 shares during the last quarter. Alliancebernstein L.P. grew its stake in 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 buying an additional 12,200 shares during the last quarter. Teachers Advisors LLC grew its stake in 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 buying an additional 5,510 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in 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 buying an additional 6,314 shares during the last quarter. Institutional investors and hedge funds own 37.77% of the company’s stock.
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About Arlington Asset Investment
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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