Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $11.0625.

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Monday, December 29th. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. UBS Group decreased their price target on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Finally, Wall Street Zen downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th.

Angel Oak Mortgage REIT Trading Up 1.7%

NYSE:AOMR opened at $8.89 on Monday. The stock has a market capitalization of $221.45 million, a price-to-earnings ratio of 12.52 and a beta of 1.36. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88. The company has a quick ratio of 6.83, a current ratio of 6.83 and a debt-to-equity ratio of 6.87. The firm has a 50 day moving average of $8.74 and a 200 day moving average of $9.23.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) 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 business had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. As a group, sell-side analysts anticipate that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.4%. The ex-dividend date was Tuesday, November 18th. Angel Oak Mortgage REIT’s payout ratio is presently 180.28%.

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. Strs Ohio acquired a new position in Angel Oak Mortgage REIT in the 1st quarter worth approximately $25,000. BNP Paribas Financial Markets increased its stake in shares of Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after acquiring an additional 3,042 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Angel Oak Mortgage REIT during the third quarter worth $88,000. Russell Investments Group Ltd. raised its holdings in shares of Angel Oak Mortgage REIT by 249.2% during the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock worth $132,000 after purchasing an additional 9,994 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in Angel Oak Mortgage REIT by 34.0% in the third quarter. Algert Global LLC now owns 14,710 shares of the company’s stock valued at $138,000 after purchasing an additional 3,730 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.