FBR & Co Equities Analysts Lower Earnings Estimates for Arlington Asset Investment Corp (AI)

Arlington Asset Investment Corp (NYSE:AI) – Analysts at FBR & Co dropped their FY2018 earnings per share estimates for shares of Arlington Asset Investment Corp in a research note issued to investors on Monday. FBR & Co analyst J. Levi-Ribner now expects that the financial services provider will post earnings per share of $1.47 for the year, down from their prior forecast of $1.48. FBR & Co currently has a “Hold” rating and a $13.00 price target on the stock.

Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.15. The company had revenue of $14.87 million during the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment Corp had a negative return on equity of 8.45% and a negative net margin of 27.20%.

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A number of other research analysts have also commented on the company. Zacks Investment Research lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Singular Research assumed coverage on Arlington Asset Investment Corp in a research note on Tuesday, August 1st. They set a “buy” rating and a $14.25 target price for the company. ValuEngine cut Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Maxim Group reaffirmed a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.19.

Shares of Arlington Asset Investment Corp (AI) traded up 0.96% during mid-day trading on Wednesday, hitting $11.61. The stock had a trading volume of 737,301 shares. Arlington Asset Investment Corp has a 1-year low of $11.28 and a 1-year high of $17.13. The firm’s market capitalization is $301.28 million. The stock’s 50-day moving average is $12.88 and its 200 day moving average is $13.62.

A number of hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in Arlington Asset Investment Corp by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 532 shares in the last quarter. American International Group Inc. boosted its stake in Arlington Asset Investment Corp by 7.2% during the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock valued at $196,000 after buying an additional 937 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Arlington Asset Investment Corp by 9.8% during the second quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock valued at $276,000 after buying an additional 1,793 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Arlington Asset Investment Corp by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 1,847 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Arlington Asset Investment Corp by 1.5% during the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock valued at $1,804,000 after buying an additional 2,000 shares in the last quarter. 38.57% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.20 annualized dividend and a yield of 18.95%. Arlington Asset Investment Corp’s dividend payout ratio is currently -150.68%.

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).

Earnings History and Estimates for Arlington Asset Investment Corp (NYSE:AI)

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