Brokerages Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) PT at $11.06

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.0625.

A number of equities research analysts have commented on the company. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Finally, UBS Group lowered 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 note on Tuesday, November 18th.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR stock opened at $8.94 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 6.83 and a quick ratio of 6.83. The company has a market capitalization of $222.70 million, a PE ratio of 12.59 and a beta of 1.36. The firm’s 50-day moving average is $8.86 and its two-hundred day moving average is $9.16. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings results 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 return on equity of 6.42% and a net margin of 12.93%.The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. Analysts predict that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.3%. The ex-dividend date is Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 180.28%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of institutional investors have recently modified their holdings of AOMR. Strs Ohio acquired a new position in Angel Oak Mortgage REIT during the 1st quarter worth about $25,000. BNP Paribas Financial Markets increased its stake in Angel Oak Mortgage REIT by 343.0% during the second 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. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth about $88,000. Russell Investments Group Ltd. boosted its stake in shares of Angel Oak Mortgage REIT by 249.2% in the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock valued at $132,000 after purchasing an additional 9,994 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Angel Oak Mortgage REIT by 34.0% in the third quarter. Algert Global LLC now owns 14,710 shares of the company’s stock valued at $138,000 after purchasing an additional 3,730 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

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.