Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Average Recommendation of “Hold” from Analysts

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.0833.

A number of brokerages have recently issued reports on AOMR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. JonesTrading reiterated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th.

Angel Oak Mortgage REIT Trading Down 3.5%

Angel Oak Mortgage REIT stock opened at $7.98 on Friday. The firm has a market cap of $198.96 million, a price-to-earnings ratio of 4.41 and a beta of 1.36. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $10.34. The firm’s 50 day moving average price is $8.71 and its two-hundred day moving average price is $8.93. The company has a debt-to-equity ratio of 7.49, a quick ratio of 10.95 and a current ratio of 10.95.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%. On average, research analysts predict that Angel Oak Mortgage REIT will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a yield of 16.0%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 70.72%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Angel Oak Mortgage REIT during the first quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Angel Oak Mortgage REIT in the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets boosted its stake in Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after purchasing an additional 3,042 shares during the period. Marshall Wace LLP purchased a new position in Angel Oak Mortgage REIT during the 4th quarter worth approximately $87,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $88,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

About Angel Oak Mortgage REIT

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.