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

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.0833.

Several research firms have recently commented on AOMR. BTIG Research lowered their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Weiss Ratings downgraded Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC grew its position in shares of Angel Oak Mortgage REIT by 8.4% during the third quarter. Lazard Asset Management LLC now owns 19,503 shares of the company’s stock worth $183,000 after acquiring an additional 1,509 shares during the last quarter. State Street Corp lifted its position in Angel Oak Mortgage REIT by 0.4% in the 4th quarter. State Street Corp now owns 419,396 shares of the company’s stock valued at $3,611,000 after purchasing an additional 1,716 shares during the last quarter. Renaissance Technologies LLC lifted its position in Angel Oak Mortgage REIT by 6.6% in the 1st quarter. Renaissance Technologies LLC now owns 31,223 shares of the company’s stock valued at $257,000 after purchasing an additional 1,923 shares during the last quarter. Royal Bank of Canada boosted its stake in Angel Oak Mortgage REIT by 94.0% during the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares during the period. Finally, Bank of America Corp DE boosted its stake in Angel Oak Mortgage REIT by 23.1% during the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock valued at $94,000 after purchasing an additional 2,155 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 2.8%

Shares of NYSE:AOMR opened at $9.22 on Friday. The company’s fifty day moving average is $8.58 and its two-hundred day moving average is $8.68. The company has a debt-to-equity ratio of 8.44, a quick ratio of 13.09 and a current ratio of 13.09. Angel Oak Mortgage REIT has a 1-year low of $7.95 and a 1-year high of $10.14. The stock has a market capitalization of $229.76 million, a price-to-earnings ratio of 14.41 and a beta of 1.25.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.12). Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. The business had revenue of ($2.20) million during the quarter, compared to analyst estimates of $11.14 million. Equities analysts anticipate that Angel Oak Mortgage REIT will post 1.17 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 200.00%.

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.