Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.0625.
Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. BTIG Research lowered their target price on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Wells Fargo & Company cut their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, 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.
Get Our Latest Report on Angel Oak Mortgage REIT
Institutional Investors Weigh In On Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Stock Performance
AOMR stock opened at $8.33 on Monday. The firm has a market cap of $193.42 million, a price-to-earnings ratio of 11.11 and a beta of 1.25. The firm has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $8.66. Angel Oak Mortgage REIT has a one year low of $7.95 and a one year 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.
Angel Oak Mortgage REIT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.4%. The ex-dividend date of this dividend was Friday, August 21st. Angel Oak Mortgage REIT’s dividend payout ratio is currently 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.
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