Angel Oak Mortgage REIT (NYSE:AOMR – Free Report) had its price target lowered by Wells Fargo & Company from $10.00 to $8.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.
Several other research analysts have also commented on the company. BTIG Research reduced their price target on Angel Oak Mortgage REIT from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. JonesTrading dropped their price objective on shares of Angel Oak Mortgage REIT from $10.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings lowered shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, B. Riley Financial reduced their target price on shares of Angel Oak Mortgage REIT from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.25.
Get Our Latest Stock Analysis on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Trading Down 4.2%
Shares of Angel Oak Mortgage REIT stock opened at $6.19 on Thursday. The stock has a market cap of $143.65 million, a P/E ratio of -14.39 and a beta of 1.30. The stock’s 50 day simple moving average is $7.54 and its 200-day simple moving average is $8.41. Angel Oak Mortgage REIT has a 1-year low of $6.09 and a 1-year high of $9.48. The company has a debt-to-equity ratio of 8.76, a current ratio of 7.16 and a quick ratio of 7.16.
Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of ($10.63) million during the quarter, compared to analyst estimates of $11.39 million. Angel Oak Mortgage REIT had a negative net margin of 5.74% and a positive return on equity of 10.12%. Analysts predict that Angel Oak Mortgage REIT will post 1.14 EPS for the current fiscal year.
Angel Oak Mortgage REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a $0.32 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 20.7%. Angel Oak Mortgage REIT’s payout ratio is currently -297.67%.
Insiders Place Their Bets
In other Angel Oak Mortgage REIT news, Director Landon Parsons purchased 7,400 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average price of $6.28 per share, with a total value of $46,472.00. Following the purchase, the director directly owned 57,232 shares in the company, valued at approximately $359,416.96. This trade represents a 14.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Fierman purchased 38,726 shares of the stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $7.50 per share, with a total value 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. This trade represents a 58.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 52,926 shares of company stock worth $391,997 over the last ninety days. Company insiders own 2.90% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AOMR. BlackRock Inc. acquired a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter worth approximately $12,210,000. North Ground Capital acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $1,492,471. Jacobs Asset Management LLC increased its holdings in Angel Oak Mortgage REIT by 30.4% in the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after purchasing an additional 87,500 shares during the last quarter. Riverbridge Partners LLC increased its holdings in Angel Oak Mortgage REIT by 9.4% in the 3rd quarter. Riverbridge Partners LLC now owns 217,721 shares of the company’s stock valued at $1,589,000 after purchasing an additional 18,643 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
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.
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