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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.0625.

AOMR has been the topic of a number of analyst reports. Zacks Research raised Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. UBS Group cut their price objective on 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. Wall Street Zen lowered shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Monday, December 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in Angel Oak Mortgage REIT by 8.4% during the 3rd quarter. Lazard Asset Management LLC now owns 19,503 shares of the company’s stock valued at $183,000 after purchasing an additional 1,509 shares in the last quarter. Riverbridge Partners LLC raised its holdings in shares of Angel Oak Mortgage REIT by 2.2% in the third quarter. Riverbridge Partners LLC now owns 82,959 shares of the company’s stock valued at $777,000 after acquiring an additional 1,788 shares in the last quarter. Vivaldi Capital Management LP lifted its stake in Angel Oak Mortgage REIT by 2.1% in the third quarter. Vivaldi Capital Management LP now owns 118,779 shares of the company’s stock worth $1,113,000 after acquiring an additional 2,400 shares during the period. Strs Ohio bought a new position in Angel Oak Mortgage REIT during the 1st quarter worth about $25,000. Finally, BNP Paribas Financial Markets increased its position in Angel Oak Mortgage REIT by 343.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after purchasing an additional 3,042 shares during the period. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Down 0.2%

AOMR stock opened at $8.80 on Friday. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $10.88. The stock has a market capitalization of $219.26 million, a price-to-earnings ratio of 12.40 and a beta of 1.36. 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’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $9.17.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 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 firm had revenue of $28.02 million for the quarter, compared to analysts’ expectations of $10.68 million. As a group, analysts anticipate that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.5%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 180.28%.

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.