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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.0833.

Separately, JonesTrading restated a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several large investors have recently bought and sold shares of AOMR. Strs Ohio bought a new stake in Angel Oak Mortgage REIT in the first quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 3,042 shares in the last quarter. Marshall Wace LLP bought a new stake in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $87,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT in the third quarter valued at approximately $88,000. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 0.1%

Shares of NYSE AOMR opened at $9.17 on Wednesday. The company’s 50 day simple moving average is $8.57 and its 200 day simple moving average is $8.79. Angel Oak Mortgage REIT has a fifty-two week low of $7.96 and a fifty-two week high of $10.34. The firm has a market capitalization of $228.52 million, a P/E ratio of 5.07 and a beta of 1.34. The company has a debt-to-equity ratio of 7.49, a current ratio of 10.95 and a quick ratio of 10.95.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced 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. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. The business had revenue of $16.70 million for the quarter, compared to analyst estimates of $11.33 million. On average, analysts predict that Angel Oak Mortgage REIT will post 1.22 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio is presently 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.