Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives $11.45 Average PT from Brokerages

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.45.

Several equities analysts have recently weighed in on the stock. Jones Trading reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, November 19th. UBS Group decreased their price target on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Wall Street Zen downgraded Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Angel Oak Mortgage REIT Stock Up 3.0%

AOMR opened at $8.61 on Friday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 6.83 and a current ratio of 6.83. The company has a market capitalization of $214.48 million, a PE ratio of 12.13 and a beta of 1.36. The stock’s fifty day moving average is $9.15 and its 200-day moving average is $9.38. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.26). Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. The firm had revenue of $28.02 million for the quarter, compared to the consensus estimate of $10.68 million. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Tuesday, November 18th. Angel Oak Mortgage REIT’s dividend payout ratio is currently 180.28%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In related news, CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total value of $489,000.00. Following the transaction, the chief financial officer owned 70,488 shares of the company’s stock, valued at approximately $689,372.64. This trade represents a 41.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Angel Oak Mortgage REIT by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after acquiring an additional 72,555 shares during the period. Bank of New York Mellon Corp grew its position in Angel Oak Mortgage REIT by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company’s stock worth $2,240,000 after purchasing an additional 53,463 shares in the last quarter. North Ground Capital raised its stake in Angel Oak Mortgage REIT by 42.5% during the 1st quarter. North Ground Capital now owns 168,128 shares of the company’s stock valued at $1,589,000 after purchasing an additional 50,157 shares during the period. Nuveen LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the first quarter valued at $317,000. Finally, Riverbridge Partners LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at $765,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Company Profile

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.