Analysts Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Price Target at $11.08

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.0833.

AOMR has been the subject of a number of recent research reports. JonesTrading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Monday, December 29th.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock opened at $8.18 on Friday. The firm has a market cap of $203.87 million, a PE ratio of 4.52 and a beta of 1.36. The stock has a 50 day moving average of $8.69 and a 200 day moving average of $8.90. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $16.70 million for the quarter, compared to the consensus estimate of $11.33 million. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%. On average, research analysts expect that Angel Oak Mortgage REIT will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.32 dividend. The ex-dividend date was Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.6%. Angel Oak Mortgage REIT’s payout ratio is 70.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its position in Angel Oak Mortgage REIT by 20.1% in the fourth quarter. Invesco Ltd. now owns 35,816 shares of the company’s stock worth $308,000 after acquiring an additional 5,994 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $154,000. State of Wisconsin Investment Board lifted its stake in shares of Angel Oak Mortgage REIT by 22.3% in the 4th quarter. State of Wisconsin Investment Board now owns 87,884 shares of the company’s stock valued at $757,000 after purchasing an additional 16,000 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at approximately $26,000. Finally, Jacobs Asset Management LLC boosted its holdings in shares of Angel Oak Mortgage REIT by 43.8% in the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock worth $2,475,000 after purchasing an additional 87,500 shares during the period. Institutional investors own 80.15% of the company’s stock.

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.