Angel Oak Mortgage REIT (NYSE:AOMR) Price Target Lowered to $9.75 at UBS Group

Angel Oak Mortgage REIT (NYSE:AOMR) had its price target cut by UBS Group from $10.00 to $9.75 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on AOMR. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, November 13th. Jones Trading restated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Wall Street Zen downgraded Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Angel Oak Mortgage REIT has a consensus rating of “Moderate Buy” and a consensus price target of $11.45.

Angel Oak Mortgage REIT Stock Down 6.7%

Shares of NYSE AOMR opened at $8.29 on Tuesday. Angel Oak Mortgage REIT has a 12-month low of $7.36 and a 12-month high of $10.88. The stock’s fifty day simple moving average is $9.29 and its two-hundred day simple moving average is $9.43. The stock has a market capitalization of $206.64 million, a PE ratio of 11.68 and a beta of 1.36. The company has a current ratio of 6.83, a quick ratio of 6.83 and a debt-to-equity ratio of 6.87.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). Angel Oak Mortgage REIT had a return on equity of 6.42% and a net margin of 12.93%.The company had revenue of $28.02 million for the quarter, compared to analysts’ expectations of $10.68 million. As a group, analysts expect that Angel Oak Mortgage REIT will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.4%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 180.28%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the completion of the sale, the insider owned 4,134,210 shares of the company’s stock, valued at approximately $40,308,547.50. The trade was a 12.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brandon Filson sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the sale, the chief financial officer owned 70,488 shares in the company, valued at approximately $689,372.64. The trade was a 41.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its position in Angel Oak Mortgage REIT by 584.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock valued at $972,000 after buying an additional 88,596 shares during the last quarter. Vivaldi Capital Management LP lifted its stake in Angel Oak Mortgage REIT by 2.1% during the 3rd quarter. Vivaldi Capital Management LP now owns 118,779 shares of the company’s stock valued at $1,113,000 after acquiring an additional 2,400 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $88,000. Algert Global LLC increased its stake in shares of Angel Oak Mortgage REIT by 34.0% in the third quarter. Algert Global LLC now owns 14,710 shares of the company’s stock worth $138,000 after acquiring an additional 3,730 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Angel Oak Mortgage REIT by 21.5% during the third quarter. Alliancebernstein L.P. now owns 20,380 shares of the company’s stock worth $191,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.