Angel Oak Mortgage REIT (NYSE:AOMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Angel Oak Mortgage REIT (NYSE:AOMR) from a sell rating to a hold rating in a research note released on Saturday.

Several other research analysts have also weighed in on the company. Weiss Ratings raised Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. JonesTrading reissued a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Finally, BTIG Research dropped their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $8.98 on Friday. The stock has a market cap of $208.52 million, a price-to-earnings ratio of 11.97 and a beta of 1.25. Angel Oak Mortgage REIT has a 1 year low of $7.95 and a 1 year high of $10.14. 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 stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $8.69.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a yield of 14.3%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 170.67%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at approximately $26,000. Royal Bank of Canada raised its stake in shares of Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after acquiring an additional 1,968 shares in the last quarter. BNP Paribas Financial Markets lifted 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 worth $37,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Angel Oak Mortgage REIT in the 4th quarter worth approximately $87,000. 80.15% of the stock is currently owned by institutional investors.

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.