Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Average Recommendation of “Hold” from Brokerages

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.0833.

A number of analysts have commented on the company. JonesTrading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Finally, BTIG Research reduced 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.

Angel Oak Mortgage REIT Stock Up 2.5%

Angel Oak Mortgage REIT stock opened at $8.50 on Wednesday. The stock has a market cap of $211.80 million, a PE ratio of 13.28 and a beta of 1.28. The company has a debt-to-equity ratio of 8.44, a quick ratio of 13.09 and a current ratio of 13.09. Angel Oak Mortgage REIT has a one year low of $7.95 and a one year high of $10.14. The stock has a fifty day moving average of $8.57 and a 200 day moving average of $8.66.

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

Angel Oak Mortgage REIT Announces Dividend

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

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Angel Oak Mortgage REIT in the first quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Angel Oak Mortgage REIT in the fourth quarter worth about $26,000. BNP Paribas Financial Markets boosted its stake in shares of Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after acquiring an additional 3,042 shares during the period. Royal Bank of Canada boosted its stake in shares of Angel Oak Mortgage REIT by 94.0% in the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock worth $33,000 after acquiring an additional 1,968 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT in the third quarter worth about $88,000. Institutional investors own 80.15% of the company’s stock.

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.