The stock of Arlington Asset Investment Corp (NYSE:AI) hit a new 52-week high and has $16.67 target or 3.00% above today’s $16.18 share price. The 8 months bullish chart indicates low risk for the $379.57M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $16.67 price target is reached, the company will be worth $11.39 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 85,961 shares traded hands. Arlington Asset Investment Corp (NYSE:AI) has risen 22.23% since April 20, 2016 and is uptrending. It has outperformed by 17.68% the S&P500.
Arlington Asset Investment Corp (NYSE:AI) Ratings Coverage
Out of 6 analysts covering Arlington Asset Investment (NYSE:AI), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $22.50 is the highest target while $13 is the lowest. The $17.29 average target is 6.86% above today’s ($16.18) stock price. Arlington Asset Investment has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Ladenburg Thalmann on Wednesday, July 29 to “Neutral”. The company was maintained on Thursday, October 27 by Wunderlich. The stock of Arlington Asset Investment Corp (NYSE:AI) earned “Buy” rating by Maxim Group on Wednesday, October 28. The company was maintained on Friday, July 31 by MLV. Compass Point downgraded it to “Neutral” rating and $13 target price in Wednesday, February 24 report. Wunderlich maintained Arlington Asset Investment Corp (NYSE:AI) on Wednesday, October 28 with “Hold” rating. The rating was maintained by Barclays Capital on Thursday, May 12 with “Equalweight”. On Thursday, February 4 the stock rating was upgraded by Ladenburg Thalmann to “Buy”. The firm has “Buy” rating given on Wednesday, July 29 by Compass Point.
According to Zacks Investment Research, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets.”
More important recent Arlington Asset Investment Corp (NYSE:AI) news were published by: Prnewswire.com which released: “Arlington Asset Investment Corp. to Report Third Quarter 2016 Financial Results” on October 20, 2016, also Prnewswire.com published article titled: “Arlington Asset Investment Corp. Announces Receipt of Notice of Director …”, Bizjournals.com published: “Arlington Asset Investment beats back board takeover attempt” on June 14, 2016. More interesting news about Arlington Asset Investment Corp (NYSE:AI) was released by: Equitiesfocus.com and their article: “Arlington Asset Investment Corp (NYSE:AI) Fixes Dividend Payout At $0.625” with publication date: November 20, 2016.
AI Company Profile
Arlington Asset Investment Corp., incorporated on December 17, 2004, is a principal investment firm. The Firm acquires and holds a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. The Firm may invest in other types of residential mortgage assets, such as residential mortgage loans, mortgage servicing rights and government sponsored enterprise (GSE) credit risk transfer securities, as well as other types of assets, including commercial MBS, asset backed securities, other structured securities, commercial mortgage loans, commercial loans, and other real estate-related loans and securities.
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