Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Consensus Rating of “Hold” by Brokerages

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.0833.

A number of brokerages have recently weighed in on AOMR. Weiss Ratings downgraded Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. BTIG Research decreased their price target on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC bought a new position in Angel Oak Mortgage REIT during the third quarter worth about $1,940,000. JPMorgan Chase & Co. raised its position in shares of Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after purchasing an additional 117,956 shares during the period. Riverbridge Partners LLC raised its position in shares of Angel Oak Mortgage REIT by 120.3% in the fourth quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock valued at $1,574,000 after purchasing an additional 99,811 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Angel Oak Mortgage REIT by 584.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock valued at $972,000 after buying an additional 88,596 shares in the last quarter. Finally, Jacobs Asset Management LLC lifted its stake in shares of Angel Oak Mortgage REIT by 30.4% during the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after buying an additional 87,500 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Up 1.0%

AOMR traded up $0.09 during mid-day trading on Friday, reaching $9.03. 73,885 shares of the stock were exchanged, compared to its average volume of 163,704. Angel Oak Mortgage REIT has a 1 year low of $7.95 and a 1 year high of $10.14. The company has a debt-to-equity ratio of 8.44, a quick ratio of 13.09 and a current ratio of 13.09. The stock has a market capitalization of $224.93 million, a PE ratio of 14.10 and a beta of 1.25. The company has a 50 day moving average price of $8.57 and a two-hundred day moving average price of $8.67.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The firm had revenue of ($2.20) million during the quarter, compared to the consensus estimate of $11.14 million. Angel Oak Mortgage REIT had a return on equity of 5.25% and a net margin of 10.64%. As a group, research analysts anticipate that Angel Oak Mortgage REIT will post 1.17 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 14.2%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 200.00%.

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.