Angel Oak Mortgage REIT Inc. (AOMR) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Seven analysts rate Angel Oak Mortgage REIT an average “Hold,” with four buys, one hold and two sells; the average one-year price target is $9.25.
• Shares and quarterly results were weak: AOMR traded at $5.91, near its one-year low, and reported quarterly EPS of $0.28, below the $0.32 consensus estimate.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a 21.7% indicated yield. Insiders also purchased 52,926 shares over the prior 90 days.

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $9.25.

A number of brokerages have recently weighed in on AOMR. Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Angel Oak Mortgage REIT from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, November 3rd. BTIG Research reduced their price objective on Angel Oak Mortgage REIT from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, October 6th. Zacks Research downgraded Angel Oak Mortgage REIT from a "hold" rating to a "strong sell" rating in a research note on Monday, November 9th. Finally, JonesTrading dropped their target price on Angel Oak Mortgage REIT from $10.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, November 3rd.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock traded up $0.04 on Friday, hitting $5.91. 272,256 shares of the stock traded hands, compared to its average volume of 129,435. The company's fifty day moving average is $7.27 and its 200 day moving average is $8.32. Angel Oak Mortgage REIT has a 1-year low of $5.75 and a 1-year high of $9.30. The company has a market capitalization of $138.18 million, a PE ratio of -13.73 and a beta of 1.30. The company has a debt-to-equity ratio of 10.53, a current ratio of 10.21 and a quick ratio of 10.21.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). Angel Oak Mortgage REIT had a positive return on equity of 10.57% and a negative net margin of 5.74%. The business had revenue of ($10.63) million during the quarter, compared to analyst estimates of $11.39 million. On average, equities research analysts predict that Angel Oak Mortgage REIT will post 1.09 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.28 annualized dividend and a dividend yield of 21.7%. Angel Oak Mortgage REIT's payout ratio is -297.67%.

Insider Activity

In other news, Director Michael Fierman acquired 38,726 shares of the business's stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $290,445.00. Following the transaction, the director directly owned 105,247 shares in the company, valued at $789,352.50. This trade represents a 58.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Landon Parsons acquired 7,400 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average price of $6.28 per share, for a total transaction of $46,472.00. Following the completion of the transaction, the director owned 57,232 shares in the company, valued at $359,416.96. The trade was a 14.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 52,926 shares of company stock worth $391,997 over the last ninety days. Insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of 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 worth $33,000 after buying an additional 1,968 shares during the period. Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $58,000. Bank of America Corp DE increased its position in Angel Oak Mortgage REIT by 23.1% in the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company's stock valued at $94,000 after acquiring an additional 2,155 shares during the period. Deutsche Bank AG acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $141,000. Finally, State of Wyoming acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 80.15% of the company's stock.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc. is a mortgage real estate investment trust focused primarily on investing in U.S. residential mortgage loans, particularly performing non-qualified mortgage (non-QM) loans. These loans are made to borrowers whose income or financial circumstances may not fit standard agency lending criteria, such as self-employed borrowers. The company also invests in other mortgage-related assets. Its portfolio is focused on residential mortgages across the United States, and its investment manager is Angel Oak Capital Advisors, an affiliate of the Angel Oak Companies.

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