Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives $11.06 Average Price Target from Brokerages

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.0625.

A number of research analysts have recently issued reports on AOMR shares. Zacks Research upgraded shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Monday, December 29th. UBS Group decreased their target price on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Finally, Wall Street Zen cut Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Institutional Trading of Angel Oak Mortgage REIT

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Angel Oak Mortgage REIT by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after buying an additional 72,555 shares in the last quarter. Riverbridge Partners LLC bought a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at $765,000. Wolverine Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 160.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after acquiring an additional 138,090 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Angel Oak Mortgage REIT in the second quarter worth $189,000. Finally, Voya Investment Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 67.3% in the first quarter. Voya Investment Management LLC now owns 20,109 shares of the company’s stock worth $192,000 after purchasing an additional 8,087 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 1.0%

NYSE:AOMR opened at $9.24 on Monday. The company has a market cap of $230.14 million, a PE ratio of 13.01 and a beta of 1.36. The business’s 50 day moving average is $8.74 and its two-hundred day moving average is $9.22. The company has a quick ratio of 6.83, a current ratio of 6.83 and a debt-to-equity ratio of 6.87. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.26). The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. On average, analysts predict that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th 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 Tuesday, November 18th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.