Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Consensus Rating of “Moderate Buy” by Analysts

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.0625.

Several research firms have recently weighed in on AOMR. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday. JonesTrading restated a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday. Finally, BTIG Research lowered their price target on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th.

Institutional Trading of Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Angel Oak Mortgage REIT by 427.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock worth $1,364,000 after purchasing an additional 117,956 shares during the period. Jacobs Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 43.8% during the fourth quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock valued at $2,475,000 after buying an additional 87,500 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Angel Oak Mortgage REIT by 40.5% in the fourth quarter. Wolverine Asset Management LLC now owns 289,090 shares of the company’s stock worth $2,489,000 after buying an additional 83,381 shares during the period. Royal Bank of Canada lifted its stake in shares of Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after acquiring an additional 1,968 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Angel Oak Mortgage REIT during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Down 2.4%

Shares of AOMR opened at $8.90 on Thursday. The firm’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $8.70. The company has a market capitalization of $221.74 million, a P/E ratio of 11.86 and a beta of 1.25. The company has a debt-to-equity ratio of 8.44, a current ratio of 13.09 and a quick ratio of 13.09. Angel Oak Mortgage REIT has a 1-year low of $7.95 and a 1-year high of $10.14.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The company had revenue of ($2.20) million during the quarter, compared to analysts’ expectations of $11.14 million. Angel Oak Mortgage REIT had a return on equity of 7.53% and a net margin of 11.85%. Sell-side analysts forecast that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Friday, August 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 200.00%.

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.