Arlington Asset Investment Corp (NYSE:AI) issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02, Bloomberg Earnings reports. Arlington Asset Investment Corp had a negative return on equity of 10.14% and a negative net margin of 33.84%. The firm had revenue of $18.93 million for the quarter, compared to the consensus estimate of $20.28 million.
Arlington Asset Investment Corp (AI) remained flat at $13.09 during trading on Friday. The company had a trading volume of 149,613 shares. The stock’s 50 day moving average price is $13.91 and its 200-day moving average price is $14.34. The company’s market capitalization is $318.34 million. Arlington Asset Investment Corp has a 52 week low of $12.63 and a 52 week high of $17.13.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 16.81%. The ex-dividend date of this dividend was Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio is -146.67%.
A number of brokerages have recently weighed in on AI. BidaskClub raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday. ValuEngine downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Maxim Group reaffirmed a “buy” rating and set a $14.00 price target (down previously from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Finally, Singular Research began coverage on shares of Arlington Asset Investment Corp in a report on Tuesday. They set a “buy” rating and a $14.25 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.15.
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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