Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts hold a Moderate Buy consensus on Angel Oak Mortgage REIT, split evenly between three buy and three hold ratings, with an average 12-month price target of $10.06 versus the stock’s $8.33 price.
• Institutional investors own approximately 80.15% of the company, with several hedge funds and financial institutions recently initiating or increasing positions.
• AOMR recently paid a quarterly dividend of $0.32 per share, equivalent to a 15.4% annualized yield; however, its 170.67% dividend payout ratio exceeds earnings.

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.0625.

Several analysts have recently weighed in on AOMR shares. BTIG Research decreased their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, June 17th. Weiss Ratings raised shares of Angel Oak Mortgage REIT from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. 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. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the 1st quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $26,000. Royal Bank of Canada increased its holdings 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. BNP Paribas Financial Markets raised its stake in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company's stock worth $37,000 after buying an additional 3,042 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT during the second quarter worth $58,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Trading Down 0.1%

Shares of NYSE AOMR opened at $8.33 on Monday. Angel Oak Mortgage REIT has a fifty-two week low of $7.95 and a fifty-two week 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. The company has a market cap of $193.42 million, a price-to-earnings ratio of 11.11 and a beta of 1.25. The business's 50 day moving average price is $8.87 and its 200-day moving average price is $8.66.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.4%. The ex-dividend date was Friday, August 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 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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