Arlington Asset Investment (AI) Receives $13.45 Consensus Target Price from Analysts

Arlington Asset Investment (NYSE:AI) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.45.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Monday, January 15th. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, B. Riley dropped their price target on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th.

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AI opened at $11.33 on Tuesday. The stock has a market capitalization of $315.45, a P/E ratio of 19.33 and a beta of 0.67. Arlington Asset Investment has a 12 month low of $9.90 and a 12 month high of $15.17. The company has a quick ratio of 0.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.19.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.38. The company had revenue of $15.66 million during the quarter, compared to analyst estimates of $18.14 million. Arlington Asset Investment had a return on equity of 4.68% and a net margin of 14.42%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.20 annualized dividend and a dividend yield of 19.42%. Arlington Asset Investment’s dividend payout ratio (DPR) is presently 333.33%.

Several large investors have recently made changes to their positions in the business. PVG Asset Management Corp boosted its position in shares of Arlington Asset Investment by 15.9% during the fourth quarter. PVG Asset Management Corp now owns 146,916 shares of the financial services provider’s stock valued at $1,731,000 after buying an additional 20,170 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Arlington Asset Investment during the fourth quarter valued at approximately $118,000. Bramshill Investments LLC purchased a new position in shares of Arlington Asset Investment during the fourth quarter valued at approximately $499,000. LPL Financial LLC purchased a new position in shares of Arlington Asset Investment during the fourth quarter valued at approximately $280,000. Finally, California State Teachers Retirement System boosted its position in shares of Arlington Asset Investment by 16.4% during the fourth quarter. California State Teachers Retirement System now owns 43,404 shares of the financial services provider’s stock valued at $511,000 after buying an additional 6,117 shares during the period. Institutional investors and hedge funds own 41.90% of the company’s stock.

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About Arlington Asset Investment

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

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