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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.0833.

A number of research firms have commented on AOMR. JonesTrading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. UBS Group dropped their price objective 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Institutional Trading of Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently modified their holdings of AOMR. Victory Capital Management Inc. raised its position in Angel Oak Mortgage REIT by 256.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock valued at $14,136,000 after buying an additional 1,085,507 shares during the last quarter. Alpine Global Management LLC purchased a new position in Angel Oak Mortgage REIT during the 3rd quarter worth $1,940,000. North Ground Capital grew its stake in shares of Angel Oak Mortgage REIT by 94.4% in the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock worth $3,643,000 after acquiring an additional 188,836 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 117,956 shares in the last quarter. Finally, Riverbridge Partners LLC raised its holdings 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 last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock opened at $8.49 on Tuesday. The company has a market cap of $211.45 million, a price-to-earnings ratio of 4.69 and a beta of 1.36. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.34. The company has a quick ratio of 10.95, a current ratio of 10.95 and a debt-to-equity ratio of 7.49. The firm has a 50 day moving average of $8.85 and a 200-day moving average of $9.06.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $16.70 million during the quarter, compared to analyst estimates of $11.33 million. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. On average, equities analysts forecast that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a yield of 15.1%. Angel Oak Mortgage REIT’s payout ratio is 70.72%.

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.