Shares of Arlington Asset Investment Corp (NYSE:AI) hit a new 52-week low on Tuesday . The stock traded as low as $12.65 and last traded at $12.65, with a volume of 1,099,796 shares. The stock had previously closed at $13.58.
Several analysts recently weighed in on AI shares. Zacks Investment Research raised shares of Arlington Asset Investment Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Maxim Group reissued a “buy” rating and issued a $16.00 price objective on shares of Arlington Asset Investment Corp in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.88.
The stock’s 50-day moving average is $14.17 and its 200-day moving average is $14.44. The stock’s market cap is $299.36 million.
Arlington Asset Investment Corp (NYSE:AI) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Arlington Asset Investment Corp had a negative net margin of 4.51% and a negative return on equity of 1.78%. The company had revenue of $20.28 million for the quarter, compared to analyst estimates of $19.54 million. Equities research analysts expect that Arlington Asset Investment Corp will post $2.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 16.20%. The ex-dividend date is Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -1,100.00%.
Large investors have recently made changes to their positions in the company. PVG Asset Management Corp purchased a new stake in shares of Arlington Asset Investment Corp during the first quarter worth about $3,901,000. Rational Advisors LLC purchased a new stake in shares of Arlington Asset Investment Corp during the first quarter worth about $1,940,000. Vanguard Group Inc. raised its stake in shares of Arlington Asset Investment Corp by 12.1% in the first quarter. Vanguard Group Inc. now owns 1,093,596 shares of the financial services provider’s stock worth $15,453,000 after buying an additional 118,288 shares during the period. AQR Capital Management LLC raised its stake in shares of Arlington Asset Investment Corp by 353.2% in the fourth quarter. AQR Capital Management LLC now owns 108,235 shares of the financial services provider’s stock worth $1,604,000 after buying an additional 84,354 shares during the period. Finally, Norges Bank purchased a new stake in shares of Arlington Asset Investment Corp during the fourth quarter worth about $888,000. 42.66% of the stock is currently owned by institutional investors and hedge funds.
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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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