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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.0833.

AOMR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Wall Street Zen downgraded Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. UBS Group cut their target price on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, JonesTrading reissued a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR opened at $8.64 on Tuesday. The stock has a market cap of $215.26 million, a P/E ratio of 4.77 and a beta of 1.36. The company’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.09. The company has a current ratio of 10.95, a quick ratio of 6.83 and a debt-to-equity ratio of 7.49. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $11.33 million. Equities research analysts predict that Angel Oak Mortgage REIT will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 14.8%. Angel Oak Mortgage REIT’s payout ratio is presently 70.72%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in Angel Oak Mortgage REIT during the first quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its holdings 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 during the last quarter. Marshall Wace LLP acquired a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter valued at approximately $87,000. Finally, Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT during the third quarter worth $88,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.