Brokerages Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Target Price at $11.45

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.45.

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

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE AOMR opened at $8.77 on Thursday. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $10.88. 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 capitalization of $218.46 million, a P/E ratio of 12.35 and a beta of 1.36. The business’s 50-day moving average price is $8.91 and its two-hundred day moving average price is $9.28.

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 analysts’ consensus estimates of $0.28 by ($0.26). Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. The company had revenue of $28.02 million during the quarter, compared to the consensus estimate of $10.68 million. Analysts anticipate that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 14.6%. The ex-dividend date of this dividend was Tuesday, November 18th. Angel Oak Mortgage REIT’s payout ratio is presently 180.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors have recently modified their holdings of AOMR. Strs Ohio bought a new stake in Angel Oak Mortgage REIT during the 1st quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $37,000 after buying an additional 3,042 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT in the third quarter valued at approximately $88,000. State of Wyoming bought a new stake in shares of Angel Oak Mortgage REIT during the first quarter worth $116,000. Finally, Russell Investments Group Ltd. raised 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 acquiring an additional 9,994 shares during the period. 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.