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

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been given an average rating of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.0833.

Several research firms have commented on AOMR. Weiss Ratings downgraded Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. BTIG Research dropped their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, JonesTrading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th.

Angel Oak Mortgage REIT Trading Up 2.5%

Angel Oak Mortgage REIT stock opened at $8.50 on Wednesday. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 8.44. The business’s fifty day simple moving average is $8.57 and its two-hundred day simple moving average is $8.66. Angel Oak Mortgage REIT has a 12 month low of $7.95 and a 12 month high of $10.14. The company has a market capitalization of $211.80 million, a price-to-earnings ratio of 13.28 and a beta of 1.28.

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

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date of this dividend was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio is presently 200.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AOMR. Strs Ohio bought a new position in shares of Angel Oak Mortgage REIT during the first quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at $26,000. Royal Bank of Canada lifted its holdings in shares of Angel Oak Mortgage REIT by 94.0% during the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 valued at $37,000 after purchasing an additional 3,042 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at $87,000. 80.15% of the stock is owned by institutional investors.

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.