Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.0625.

Several analysts have recently weighed in on AOMR shares. BTIG Research decreased their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Weiss Ratings raised shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. JonesTrading reiterated a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 4th. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the 1st quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $26,000. Royal Bank of Canada increased its holdings in Angel Oak Mortgage REIT by 94.0% during the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after buying an additional 1,968 shares during the period. BNP Paribas Financial Markets raised 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 worth $37,000 after buying an additional 3,042 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT during the second quarter worth $58,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Trading Down 0.1%

Shares of NYSE AOMR opened at $8.33 on Monday. Angel Oak Mortgage REIT has a fifty-two week low of $7.95 and a fifty-two week high of $10.14. The company has a debt-to-equity ratio of 8.76, a quick ratio of 7.16 and a current ratio of 7.16. The company has a market cap of $193.42 million, a price-to-earnings ratio of 11.11 and a beta of 1.25. The business’s 50 day moving average price is $8.87 and its 200-day moving average price is $8.66.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.4%. The ex-dividend date was Friday, August 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 170.67%.

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.