Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Recommendation of “Moderate Buy” by Brokerages

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.0625.

Several analysts recently commented on AOMR shares. Wall Street Zen lowered shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. UBS Group lowered their target price on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after buying an additional 72,555 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the second quarter worth approximately $765,000. Wolverine Asset Management LLC increased its position in shares of Angel Oak Mortgage REIT by 160.3% during the second quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after purchasing an additional 138,090 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the second quarter worth approximately $189,000. Finally, Voya Investment Management LLC raised its stake in Angel Oak Mortgage REIT by 67.3% in the 1st quarter. Voya Investment Management LLC now owns 20,109 shares of the company’s stock valued at $192,000 after purchasing an additional 8,087 shares during the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 1.0%

Shares of AOMR stock opened at $9.24 on Monday. The stock has a 50 day moving average of $8.74 and a 200 day moving average of $9.22. The company has a current ratio of 6.83, a quick ratio of 6.83 and a debt-to-equity ratio of 6.87. The stock has a market cap of $230.14 million, a P/E ratio of 13.01 and a beta of 1.36. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.26). The company had revenue of $28.02 million during the quarter, compared to analysts’ expectations of $10.68 million. Angel Oak Mortgage REIT had a return on equity of 6.42% and a net margin of 12.93%. As a group, sell-side analysts expect that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.9%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 180.28%.

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.