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UPDATE: Credit Suisse Reiterates On Arlington Asset Investment As Risk/Reward Is Still Favorable

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In a report published Tuesday, Credit Suisse analyst Douglas Harter reiterated a Neutral rating on Arlington Asset Investment Corp. (NYSE: AI), and raised the price target from $26.00 to $26.50.

In the report, Credit Suisse noted, “The first part of 2014 has been favorable to the mortgage REIT sector, both in terms of rates and spreads. While we expect the environment to turn less favorable over the next 12 months with rising rates and widening Agency spreads we think the discounts to book value reflect this expectation. The majority of the expected return from the sector will come from the 11% dividend yield, which we find attractive in the persistent low rate environment.”

Arlington Asset Investment closed on Friday at $27.33.

Latest Ratings for AI

DateFirmActionFromTo
Mar 2021Canaccord GenuityMaintainsHold
Mar 2021WedbushMaintainsOutperform
Mar 2021NeedhamMaintainsBuy

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Posted-In: Credit Suisse Douglas HarterAnalyst Color Price Target Analyst Ratings

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