Angel Oak Mortgage REIT Inc. (NYSE:AOMR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.0625.
A number of analysts recently issued reports on the company. BTIG Research decreased their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Wells Fargo & Company cut their target price 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. JonesTrading reaffirmed a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday. Finally, Weiss Ratings upgraded Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday.
Check Out Our Latest Analysis on AOMR
Angel Oak Mortgage REIT Stock Down 2.4%
Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12). Angel Oak Mortgage REIT had a return on equity of 7.53% and a net margin of 11.85%.The company had revenue of ($2.20) million for the quarter, compared to analysts’ expectations of $11.14 million. On average, analysts predict that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current year.
Angel Oak Mortgage REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 14.4%. Angel Oak Mortgage REIT’s payout ratio is currently 200.00%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of AOMR. Strs Ohio purchased a new position in shares of Angel Oak Mortgage REIT during the 1st quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter worth $26,000. BNP Paribas Financial Markets boosted its stake in Angel Oak Mortgage REIT by 343.0% during the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares during the period. Royal Bank of Canada boosted its stake 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. Finally, Public Employees Retirement System of Ohio purchased a new position in Angel Oak Mortgage REIT during the third quarter worth about $88,000. 80.15% of the stock is 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.
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