Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Consensus Rating of “Hold” by Analysts

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.0833.

A number of equities research analysts have commented on the stock. BTIG Research decreased their target price on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. JonesTrading restated a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Angel Oak Mortgage REIT by 23.1% during the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock valued at $94,000 after buying an additional 2,155 shares in the last quarter. Royal Bank of Canada grew its holdings in Angel Oak Mortgage REIT by 94.0% during the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after buying an additional 1,968 shares in the last quarter. Jacobs Asset Management LLC grew its holdings in Angel Oak Mortgage REIT by 30.4% during the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after buying an additional 87,500 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Angel Oak Mortgage REIT by 6.6% during the 1st quarter. Renaissance Technologies LLC now owns 31,223 shares of the company’s stock valued at $257,000 after buying an additional 1,923 shares in the last quarter. Finally, Riverbridge Partners LLC grew its holdings in Angel Oak Mortgage REIT by 8.0% during the 1st quarter. Riverbridge Partners LLC now owns 197,392 shares of the company’s stock valued at $1,623,000 after buying an additional 14,622 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Price Performance

NYSE AOMR opened at $8.64 on Wednesday. Angel Oak Mortgage REIT has a 12 month low of $7.95 and a 12 month high of $10.14. The stock has a market cap of $215.27 million, a price-to-earnings ratio of 13.50 and a beta of 1.28. The company’s 50 day moving average is $8.58 and its two-hundred day moving average is $8.65. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 8.44.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). Angel Oak Mortgage REIT had a return on equity of 5.25% and a net margin of 10.64%.The firm had revenue of ($2.20) million for the quarter, compared to the consensus estimate of $11.14 million. As a group, research analysts anticipate that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 200.00%.

Angel Oak Mortgage REIT Company Profile

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.