Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives $11.45 Consensus Target Price from Brokerages

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.45.

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

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new stake in shares of Angel Oak Mortgage REIT during the 1st quarter worth about $25,000. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $37,000 after acquiring an additional 3,042 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT in the 3rd quarter worth approximately $88,000. State of Wyoming bought a new stake in Angel Oak Mortgage REIT during the first quarter worth approximately $116,000. Finally, Russell Investments Group Ltd. boosted its position in 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 period. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Trading Up 0.3%

NYSE AOMR opened at $8.74 on Thursday. The company has a current ratio of 6.83, a quick ratio of 6.83 and a debt-to-equity ratio of 6.87. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.88. The firm’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $9.28. The company has a market capitalization of $217.71 million, a PE ratio of 12.31 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data 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 net margin of 12.93% and a return on equity of 6.42%. The firm 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were issued a $0.32 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.28 dividend on an annualized basis and a yield of 14.6%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 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.