Angel Oak Mortgage REIT (AOMR) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Angel Oak Mortgage REIT in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AOMR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AOMR, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month price objectives for Angel Oak Mortgage REIT's shares. Their AOMR share price targets range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
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Angel Oak Mortgage REIT's stock was trading at $10.60 at the start of the year. Since then, AOMR shares have increased by 4.8% and is now trading at $11.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) released its earnings results on Tuesday, March, 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.44. The business had revenue of $24.55 million for the quarter, compared to analysts' expectations of $25.19 million. Angel Oak Mortgage REIT had a net margin of 35.14% and a negative trailing twelve-month return on equity of 12.35%.

Angel Oak Mortgage REIT announced a quarterly dividend on Wednesday, February 7th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.32 per share on Thursday, February 29th. This represents a $1.28 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for AOMR.

Angel Oak Mortgage REIT (NYSE:AOMR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 11.61%. AOMR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AOMR will have a dividend payout ratio of 96.97% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AOMR.

ETFs with the largest weight of Angel Oak Mortgage REIT (NYSE:AOMR) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN).iShares Mortgage Real Estate ETF (REM).

Angel Oak Mortgage REIT (AOMR) raised $166 million in an initial public offering on Thursday, June 17th 2021. The company issued 8,100,000 shares at a price of $20.00-$21.00 per share. Wells Fargo Securities, BofA Securities, Morgan Stanley, UBS Investment Bank and B. Riley Securities acted as the underwriters for the IPO and Nomura and Oppenheimer & Co. were co-managers.

Shares of AOMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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