Analysts Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Price Target at $11.06

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.0625.

Several brokerages recently issued reports on AOMR. Wall Street Zen downgraded Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Finally, UBS Group lowered 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 report on Tuesday, November 18th.

Institutional Trading of Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter valued at about $25,000. BNP Paribas Financial Markets grew its holdings in Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT in the 3rd quarter worth approximately $88,000. Russell Investments Group Ltd. lifted its holdings in shares of Angel Oak Mortgage REIT by 249.2% during the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock worth $132,000 after buying an additional 9,994 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Angel Oak Mortgage REIT by 34.0% during the third quarter. Algert Global LLC now owns 14,710 shares of the company’s stock worth $138,000 after buying an additional 3,730 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $9.02 on Monday. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $10.88. The firm’s 50 day simple moving average is $8.73 and its 200-day simple moving average is $9.22. The company has a debt-to-equity ratio of 6.87, a current ratio of 6.83 and a quick ratio of 6.83. The company has a market cap of $224.61 million, a P/E ratio of 12.70 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). The firm had revenue of $28.02 million during the quarter, compared to analyst estimates 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, equities research analysts predict that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.2%. Angel Oak Mortgage REIT’s dividend payout ratio 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.