Stocks of Arlington Asset Investment Corp. (NYSE:AAIC) traded higher last session on Wall Street, down -0.65% to $3.04.
According to the data, Arlington Asset Investment Corp. (NYSE:AAIC) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.75, we find $4.88. Given the previous closing price of $3.06, this indicates a potential upside of 59.48 percent. AAIC stock price is now 1.28% away from the 50-day moving average and -2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $85.39M.
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A total of 2 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.88 as their price target over the next twelve months.
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In other news, BERCE DANIEL E, Director bought 3,041 shares of the company’s stock on Jun 24. The stock was bought for $10,038 at an average price of $3.30. Upon completion of the transaction, the Director now directly owns 65,000 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 23, Director BERCE DANIEL E bought 46,959 shares of the business’s stock. A total of $149,987 was incurred on buying the stock at an average price of $3.19. This leaves the insider owning 61,959 shares of the company worth $0.19 million. Insiders disposed of 11,479 shares of company stock worth roughly $34896.16 over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAIC stock. A new stake in Arlington Asset Investment Corp. shares was purchased by CHARLES SCHWAB INVESTMENT MANAGEMENT INC during the first quarter worth $52,000. PEAK6 INVESTMENTS LLC invested $18,000 in shares of AAIC during the first quarter. In total, there are 67 active investors with 39.50% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $3.0900 for Arlington Asset Investment Corp. (NYSE: AAIC). During the past 12 months, Arlington Asset Investment Corp. has had a low of $2.65 and a high of $3.69. The fifty day moving average price for AAIC is $3.0018 and a two-hundred day moving average price translates $3.1331 for the stock.
The latest earnings results from Arlington Asset Investment Corp. (NYSE: AAIC) was released for Jun, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.07 by -0.02. This compares to -$0.03 EPS in the same period last year. The net profit margin was 4.50% and return on equity was 1.10% for AAIC. The company reported revenue of $14.49 million for the quarter, compared to $6.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 128.35 percent. For the current quarter, analysts expect AAIC to generate $7.74M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/03/2020. Investors who held shares on 12/31/2019 were paid a $0.225 dividend.
Arlington Asset Investment Corp.(AAIC) Company Profile
Arlington Asset Investment Corp. (NYSE: AAIC) currently invests primarily in mortgage-related and other assets and has elected to be taxed as a REIT. The Company is headquartered in the Washington, D.C. metropolitan area. For more information, please visit www.arlingtonasset.com.
