Arlington Asset Price, Forecast, Insider, Ratings, Fundamentals & Signals

Mclean, va. , dec. 13, 2023 /prnewswire/ --  arlington asset investment corp. (nyse: aaic) ("arlington") publicly announced today, in connection with the anticipated merger transaction with ellington financial inc. (nyse: efc) ("ellington financial"), that it intends to voluntarily delist from the new york stock exchange (the "nyse") arlington's 6.75% senior notes due 2025 and 6.000% senior notes due 2026 (collectively, the "senior notes") and to deregister the senior notes under the securities exchange act of 1934, as amended.

Mclean, va. , dec. 12, 2023 /prnewswire/ -- arlington asset investment corp. (nyse: aaic) ("arlington") announced today that its shareholders have voted to approve the proposed merger transaction with ellington financial inc. (nyse: efc) ("ellington financial") at a special meeting of shareholders of arlington held today.

Mclean, va. , nov. 13, 2023 /prnewswire/ -- arlington asset investment corp. (nyse: aaic) (the "company," "arlington," "we," "us" or "our") today reported financial results for the quarter ended september 30, 2023.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of arlington asset investment corp. (nyse: aaic) to ellington financial inc. (nyse: efc). under the terms of the proposed transaction, shareholders of arlington will receive 0.3619 shares of ellington common stock and $0.09 in cash for each share of arlington that they own. ksf is seeking to determine whether thi.

Mclean, va. , sept. 6, 2023 /prnewswire/ -- arlington asset investment corp. (nyse: aaic) (the "company") today announced that its board of directors authorized a quarterly dividend of $0.4375 per share of its 7.00% series b cumulative perpetual redeemable preferred stock (nyse: aaic prb) (the "series b preferred stock") and a quarterly dividend of $0.515625 per share of its 8.250% series c fixed-to-floating cumulative redeemable preferred stock (nyse: aaic prc) (the "series c preferred stock") for the third quarter of 2023.

We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. Preferreds rallied as Treasury yields fell, bringing year-to-date total return to around 9%. AAIC announced plans to delist and deregister its two baby bonds, citing compliance costs outweighing benefits.

U.S. equity markets notched a fifth-straight week of gains as benchmark interest rates continued a decisive retreat after economic data and comments from Fed officials fueled bets on a pending pivot. Advancing for a fifth-straight week since dipping into "correction territory" at the end of October, the S&P 500 gained another 0.8% on the week, while Mid-Caps and Small-Caps gained 2%. Lifted by the rate retreat, real estate equities were again the leaders this week. The Equity REIT Index rallied 5.0% this week, extending their rebound since late-October to nearly 20%.

U.S. equity markets extended their rebound to a third-straight week as benchmark interest rates dipped on economic data and corporate earnings reports showing a more distinct cooldown in economic activity. Gaining for a third-straight week and extending its rebound to nearly 10% since dipping into "correction territory" at the end of October, the S&P 500 gained another 2.4% this week. Lifted by the retreat in benchmark interest rates, real estate equities have roared back to life over the past three weeks. Equity REITs and Mortgage REITs each gained another 4.7%.

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Arlington Asset Investment Corp. invests in mortgage-backed assets and has not paid dividends since the start of the COVID pandemic. Arlington has been able to generate consistent operating income and has a debt-to-equity ratio of 2.67. Ellington Financial LLC has entered into a merger agreement to acquire Arlington, offering a premium to Arlington shareholders and expecting to benefit from Arlington's assets.

Bond prices tumble as PPI exceeds expectations, raising the 10y US T-Note yield to 4.15%. Arlington Asset Investment Corp.'s Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred presents an opportunity in the changing environment. AAIC.PC has a low number of shares outstanding and a potential 13% net return over the next eight months.

We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. Preferreds rallied this week, buoyed by a disinflationary theme that has supported markets recently. We take a look at a couple of metrics outside of leverage to gauge debt quality.

U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

We take a look at the action in preferreds and baby bonds through the first week of July and highlight some of the key themes we are watching. Preferreds were down on the week as higher Treasury yields took their toll. We discuss some of the differences between preferreds and funds with a case study of floating-rate NLY.PF and JBBB.

U.S. equity markets closed-out a volatile first-half at their highest-levels of the year as investors cheered data showing continued resilience in economic activity alongside further signs of cooling inflationary pressure. Rebounding from its worst week since March, the S&P 500 advanced 2.3% to close at its highest-levels since April 2022. The Mid-Cap 400 and Small-Cap 600 each rallied over 4%. Lifted by a recovery in the most beaten-down property sectors, real estate equities led the rally on the week. The Equity REIT Index advanced 4.3% while Mortgage REITs surged 6%.