Angel Oak Mortgage REIT (NYSE:AOMR) Issues Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Key Points

• Angel Oak Mortgage REIT reported quarterly earnings of $0.10 per share, missing the analysts' consensus estimate of $0.28 by $0.18.
• Shares of AOMR traded down to $8.80, with a market capitalization of $206.80 million and a PE ratio of 5.87.
• Institutional investors own 80.15% of Angel Oak Mortgage REIT, with significant increases in holdings by firms like Goldman Sachs Group and Jane Street Group.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) posted its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.18), Zacks reports. Angel Oak Mortgage REIT had a return on equity of 2.65% and a net margin of 30.83%.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock traded down $0.63 during trading on Tuesday, reaching $8.80. The company had a trading volume of 140,104 shares, compared to its average volume of 120,487. The firm's 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $9.47. The company has a debt-to-equity ratio of 6.38, a current ratio of 5.96 and a quick ratio of 5.96. The company has a market capitalization of $206.80 million, a PE ratio of 5.87 and a beta of 1.38. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $12.61.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the 1st quarter valued at about $25,000. Jane Street Group LLC lifted its holdings in shares of Angel Oak Mortgage REIT by 23.6% during the 1st quarter. Jane Street Group LLC now owns 47,219 shares of the company's stock valued at $450,000 after buying an additional 9,012 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Angel Oak Mortgage REIT by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company's stock worth $1,519,000 after purchasing an additional 72,555 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AOMR. B. Riley reiterated a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Wall Street Zen downgraded Angel Oak Mortgage REIT from a "hold" rating to a "sell" rating in a report on Friday, July 18th. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Finally, Jones Trading reiterated a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.60.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.

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