Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Recommendation of “Hold” by Brokerages

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.0833.

AOMR has been the topic of a number of research reports. JonesTrading reiterated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently modified their holdings of AOMR. Victory Capital Management Inc. increased its stake in shares of Angel Oak Mortgage REIT by 256.5% in the third quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock worth $14,136,000 after acquiring an additional 1,085,507 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Angel Oak Mortgage REIT during the third quarter valued at $1,940,000. North Ground Capital boosted its position in Angel Oak Mortgage REIT by 94.4% during the third quarter. North Ground Capital now owns 388,836 shares of the company’s stock valued at $3,643,000 after purchasing an additional 188,836 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after purchasing an additional 117,956 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in Angel Oak Mortgage REIT by 120.3% in the fourth quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock valued at $1,574,000 after purchasing an additional 99,811 shares in the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock opened at $7.98 on Friday. The company has a market capitalization of $198.96 million, a price-to-earnings ratio of 4.41 and a beta of 1.36. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.34. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. The stock’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $8.93.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%.The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. On average, sell-side analysts predict that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.32 dividend. The ex-dividend date was Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a yield of 16.0%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 70.72%.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.