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

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $10.0833.

Several equities analysts have recently weighed in on AOMR shares. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. BTIG Research cut their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position 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 worth $1,364,000 after acquiring an additional 117,956 shares during the period. Alpine Global Management LLC purchased a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $1,940,000. Riverbridge Partners LLC grew its position in shares of Angel Oak Mortgage REIT by 120.3% during the 4th quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock valued at $1,574,000 after acquiring an additional 99,811 shares during the period. Jacobs Asset Management LLC grew its position in shares of Angel Oak Mortgage REIT by 43.8% during the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock valued at $2,475,000 after acquiring an additional 87,500 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in shares of Angel Oak Mortgage REIT by 40.5% in the 4th quarter. Wolverine Asset Management LLC now owns 289,090 shares of the company’s stock worth $2,489,000 after purchasing an additional 83,381 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Down 1.2%

AOMR opened at $9.12 on Friday. The stock has a market capitalization of $227.40 million, a price-to-earnings ratio of 14.26 and a beta of 1.25. The firm has a 50 day moving average price of $8.59 and a 200-day moving average price of $8.68. Angel Oak Mortgage REIT has a twelve month low of $7.95 and a twelve month high of $10.14. The company has a quick ratio of 13.09, a current ratio of 13.09 and a debt-to-equity ratio of 8.44.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of ($2.20) million during the quarter, compared to analysts’ expectations of $11.14 million. Equities research analysts forecast that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.