Angel Oak Mortgage REIT (NYSE:AOMR) Receives “Neutral” Rating from B. Riley

B. Riley restated their neutral rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research note released on Tuesday morning, Benzinga reports. B. Riley currently has a $12.00 price objective on the stock. B. Riley also issued estimates for Angel Oak Mortgage REIT’s Q1 2024 earnings at $0.20 EPS, Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.35 EPS, FY2024 earnings at $1.12 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.42 EPS.

AOMR has been the topic of a number of other research reports. Oppenheimer restated a market perform rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their target price on Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an overweight rating in a research note on Thursday, March 7th.

Angel Oak Mortgage REIT Stock Down 2.1 %

Shares of Angel Oak Mortgage REIT stock opened at $10.74 on Tuesday. The business’s fifty day moving average price is $10.61 and its two-hundred day moving average price is $9.94. The company has a debt-to-equity ratio of 4.57, a current ratio of 5.65 and a quick ratio of 5.65. The company has a market capitalization of $268.18 million, a P/E ratio of 7.96 and a beta of 1.40. Angel Oak Mortgage REIT has a 1-year low of $7.02 and a 1-year high of $11.60.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.44). The firm had revenue of $24.55 million for the quarter, compared to analyst estimates of $25.19 million. Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. As a group, research analysts forecast that Angel Oak Mortgage REIT will post 0.7 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 11.92%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 94.81%.

Institutional Trading of Angel Oak Mortgage REIT

Several hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. boosted its stake in Angel Oak Mortgage REIT by 17.3% during the 2nd quarter. American International Group Inc. now owns 5,583 shares of the company’s stock valued at $72,000 after purchasing an additional 822 shares during the period. Raymond James & Associates raised its holdings in Angel Oak Mortgage REIT by 9.3% in the 1st quarter. Raymond James & Associates now owns 12,460 shares of the company’s stock valued at $204,000 after acquiring an additional 1,060 shares in the last quarter. FMR LLC raised its holdings in Angel Oak Mortgage REIT by 8.2% in the 3rd quarter. FMR LLC now owns 14,727 shares of the company’s stock valued at $126,000 after acquiring an additional 1,113 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Angel Oak Mortgage REIT by 54.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $35,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Angel Oak Mortgage REIT by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 301,653 shares of the company’s stock valued at $2,486,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

About Angel Oak Mortgage REIT

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.