Maxim Group Maintains Their Hold Rating on Arlington Asset Investment (AI)

Maxim Group analyst Michael Diana maintained a Hold rating on Arlington Asset Investment (AIResearch Report) yesterday. The company’s shares closed last Monday at $5.77, close to its 52-week low of $5.74.

Diana commented:

“AI reported 2Q19 core operating income of $0.23 versus its 2Q19 dividend of $0.225 (which was cut from $0.375 in 1Q19). Book value was down 10.3%, mainly due to investment losses. While AI is currently trading at a 25% discount to book value per share, we are maintaining our Hold rating, because other mortgage REITs with similar recent operating histories are trading at discounts that are nearly as steep.”

According to, Diana is a 5-star analyst with an average return of 5.7% and a 57.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Westamerica Bancorporation.

Arlington Asset Investment has an analyst consensus of Hold.

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Based on Arlington Asset Investment’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $23.53 million. In comparison, last year the company had a GAAP net loss of $3.61 million.

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Arlington Asset Investment Corp. engages in the acquisition and holding a portfolio of residential mortgage-backed securities. Its portfolio consists of agency mortgage-backed securities and private-label residential mortgage-backed securities.