Angel Oak Mortgage REIT (NYSE:AOMR) Stock Gets Price Target Trim from JonesTrading

Angel Oak Mortgage REIT (NYSE:AOMR) had its price objective reduced by JonesTrading from $10.50 to $9.50 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

AOMR has been the topic of several other research reports. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wells Fargo & Company reduced their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. BTIG Research decreased their price target on shares of Angel Oak Mortgage REIT from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Angel Oak Mortgage REIT Stock Down 4.2%

NYSE:AOMR opened at $6.19 on Tuesday. The firm has a market capitalization of $143.65 million, a price-to-earnings ratio of -14.39 and a beta of 1.30. Angel Oak Mortgage REIT has a 1-year low of $6.09 and a 1-year high of $9.48. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The business’s fifty day moving average price is $7.54 and its 200 day moving average price is $8.41.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). Angel Oak Mortgage REIT had a positive return on equity of 10.12% and a negative net margin of 5.74%. The business had revenue of ($10.63) million during the quarter, compared to analysts’ expectations of $11.39 million. On average, sell-side analysts forecast that Angel Oak Mortgage REIT will post 1.14 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 20.7%. Angel Oak Mortgage REIT’s dividend payout ratio is -297.67%.

Insider Transactions at Angel Oak Mortgage REIT

In other news, Director Michael Fierman acquired 38,726 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $290,445.00. Following the completion of the acquisition, the director owned 105,247 shares in the company, valued at approximately $789,352.50. The trade was a 58.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W. Minami acquired 6,800 shares of Angel Oak Mortgage REIT stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $8.10 per share, with a total value of $55,080.00. Following the transaction, the director owned 87,118 shares of the company’s stock, valued at approximately $705,655.80. The trade was a 8.47% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 52,926 shares of company stock valued at $391,997 in the last three months. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in AOMR. Riverbridge Partners LLC raised its stake in shares of Angel Oak Mortgage REIT by 9.4% during the 3rd quarter. Riverbridge Partners LLC now owns 217,721 shares of the company’s stock worth $1,589,000 after purchasing an additional 18,643 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at about $58,000. Odyssean LLC grew its stake in shares of Angel Oak Mortgage REIT by 317.6% in the 2nd quarter. Odyssean LLC now owns 41,791 shares of the company’s stock valued at $379,000 after buying an additional 31,783 shares in the last quarter. North Ground Capital bought a new stake in shares of Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $1,492,471. Finally, BlackRock Inc. acquired a new position in Angel Oak Mortgage REIT in the second quarter worth approximately $12,210,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Key Angel Oak Mortgage REIT News

Here are the key news stories impacting Angel Oak Mortgage REIT this week:

• Positive Sentiment: Director Landon Parsons bought 7,400 shares for about $46,500, increasing his direct ownership by 14.85% to 57,232 shares. The purchase may signal confidence at current levels. SEC filing
• Positive Sentiment: The company declared a dividend payable November 30, providing continued income support for shareholders. Dividend announcement
• Neutral Sentiment: Management expects roughly one securitization per quarter as returns work back toward a 15%–20% range. That outlook offers a potential recovery path, though the timing and achievement remain uncertain. Securitization outlook
• Negative Sentiment: AOMR reported a third-quarter GAAP loss amid challenges in non-QM lending. EPS of $0.28 missed the $0.32 consensus, while reported revenue also fell short of expectations, weighing on the outlook. Third-quarter results and non-QM challenges
• Negative Sentiment: Wells Fargo cut its price target from $10 to $8, and B. Riley lowered its target from $13 to $10. Both firms retained favorable ratings—Overweight and Buy, respectively—but the reductions temper optimism. Wells Fargo rating B. Riley target change
• Negative Sentiment: JonesTrading also lowered its expectations for AOMR, adding to concerns about the stock’s near-term outlook. JonesTrading report

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc is a real estate investment trust focused on investing in residential mortgage assets. The company primarily targets non-qualified mortgage loans, or non-QM loans, which are residential mortgages made to creditworthy borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its investment portfolio may also include residential mortgage-backed securities and other mortgage-related assets. Angel Oak Mortgage REIT seeks to generate income through interest payments and other returns from these investments, with an emphasis on loans secured by residential properties in the United States.

Angel Oak Mortgage REIT is externally managed by Angel Oak Capital Advisors, an investment management firm specializing in mortgage credit and related strategies.