Angel Oak Mortgage REIT Inc. (AOMR) – What Are Researchers Saying About This Stock?

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.25.

AOMR has been the topic of several research analyst reports. BTIG Research lowered their target price on shares of Angel Oak Mortgage REIT from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. JonesTrading decreased their price objective on shares of Angel Oak Mortgage REIT from $10.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Wells Fargo & Company lowered their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, November 5th. Weiss Ratings lowered shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, November 3rd. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR traded up $0.04 during trading hours on Friday, reaching $5.91. 272,256 shares of the company’s stock traded hands, compared to its average volume of 129,435. Angel Oak Mortgage REIT has a twelve month low of $5.75 and a twelve month high of $9.30. The business’s fifty day simple moving average is $7.27 and its two-hundred day simple moving average is $8.32. The company has a debt-to-equity ratio of 10.53, a current ratio of 10.21 and a quick ratio of 10.21. The firm has a market capitalization of $138.18 million, a price-to-earnings ratio of -13.73 and a beta of 1.30.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of ($10.63) million during the quarter, compared to analyst estimates of $11.39 million. Angel Oak Mortgage REIT had a positive return on equity of 10.57% and a negative net margin of 5.74%. Analysts predict that Angel Oak Mortgage REIT will post 1.09 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 21.7%. The ex-dividend date of this dividend is Monday, November 23rd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently -297.67%.

Insider Transactions at Angel Oak Mortgage REIT

In other news, CFO Brandon Filson sold 65,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.93, for a total value of $515,450.00. Following the sale, the chief financial officer owned 107,815 shares of the company’s stock, valued at approximately $854,972.95. The trade was a 37.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W D. Minami acquired 6,800 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $8.10 per share, with a total value of $55,080.00. Following the acquisition, the director owned 87,118 shares of the company’s stock, valued at approximately $705,655.80. This trade represents a 8.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 52,926 shares of company stock valued at $391,997 in the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at about $58,000. Bank of America Corp DE lifted its holdings in Angel Oak Mortgage REIT by 23.1% in the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock valued at $94,000 after acquiring an additional 2,155 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at about $141,000. Finally, State of Wyoming bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at about $213,000. 80.15% of the stock is owned by institutional investors and hedge funds.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc. is a mortgage real estate investment trust focused primarily on investing in U.S. residential mortgage loans, particularly performing non-qualified mortgage (non-QM) loans. These loans are made to borrowers whose income or financial circumstances may not fit standard agency lending criteria, such as self-employed borrowers. The company also invests in other mortgage-related assets. Its portfolio is focused on residential mortgages across the United States, and its investment manager is Angel Oak Capital Advisors, an affiliate of the Angel Oak Companies.