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

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.0833.

A number of equities analysts recently commented on AOMR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. JonesTrading reaffirmed a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR opened at $8.17 on Friday. The company has a debt-to-equity ratio of 7.49, a current ratio of 10.95 and a quick ratio of 10.95. The business’s 50 day moving average price is $8.65 and its 200-day moving average price is $8.89. The firm has a market capitalization of $203.47 million, a PE ratio of 4.51 and a beta of 1.34. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. The firm had revenue of $16.70 million for the quarter, compared to analyst estimates of $11.33 million. As a group, equities research analysts expect that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 15.7%. The ex-dividend date was Friday, February 20th. Angel Oak Mortgage REIT’s payout ratio is presently 70.72%.

Institutional Trading of Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Angel Oak Mortgage REIT by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after acquiring an additional 72,555 shares during the last quarter. Jane Street Group LLC increased its stake in Angel Oak Mortgage REIT by 23.6% during the first quarter. Jane Street Group LLC now owns 47,219 shares of the company’s stock worth $450,000 after acquiring an additional 9,012 shares during the last quarter. Strs Ohio purchased a new stake in Angel Oak Mortgage REIT in the first quarter valued at $25,000. Geode Capital Management LLC raised its position in Angel Oak Mortgage REIT by 1.7% in the second quarter. Geode Capital Management LLC now owns 321,084 shares of the company’s stock valued at $3,025,000 after purchasing an additional 5,312 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Angel Oak Mortgage REIT by 80.5% in the 2nd quarter. Rhumbline Advisers now owns 33,998 shares of the company’s stock valued at $320,000 after purchasing an additional 15,162 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.