Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) fell 2.8% in midday trading on Wednesday. The stock fell to a low of $11.90 and was last traded at $11.99. 64,338 shares were traded in midday trading, up 40% from the session average of 45,900 shares. The stock had previously closed at $12.33.
Analysts Set New Price Targets
Several research firms have recently commented on AOMR. B. Riley reaffirmed a “neutral” rating on shares of Angel Oak Mortgage REIT and set a $12.00 price target in a report on Tuesday, March 26th. UBS Group raised their price target on Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Oppenheimer reaffirmed a “market average” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th. Finally, Wells Fargo & Company raised their price target on Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.
Check out our latest research report on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT trading price down 2.8%
The stock's 50-day simple moving average is $11.99 and its 200-day simple moving average is $11.14. The company has a market capitalization of $299.75 million, a price-to-earnings ratio of 6.52 and a beta of 1.44. The company has a debt-to-equity ratio of 4.35, a quick ratio of 5.69 and a current ratio of 5.69.
Angel Oak Mortgage REIT (NYSE:AOMR – Get free report ) last released its earnings results on Tuesday, May 7th. The company reported quarterly earnings per share (EPS) of $0.08, missing the consensus estimate of $0.16 by ($0.08). Angel Oak Mortgage REIT had a negative return on equity of -7.29% and a net margin of 47.28%. The company's revenue for the quarter was $25.21 million, beating analyst expectations of $26.60 million. On average, sell-side analysts expect Angel Oak Mortgage REIT, Inc. to post earnings per share of $0.86 for the current fiscal year.
Angel Oak Mortgage REIT announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 31. Investors of record on Wednesday, May 22 were paid a dividend of $0.32 per share. The ex-dividend date for this dividend was Tuesday, May 21. This equates to a dividend of $1.28 on an annualized basis, or a dividend yield of 10.68%. Angel Oak Mortgage REIT has a dividend payout ratio of 69.57%.
Institutional Investors Invest in Angel Oak Mortgage REIT
A number of hedge funds have recently modified their positions in this business. Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT in the third quarter for $32,000. Tower Research Capital LLC TRC increased its holdings in Angel Oak Mortgage REIT by 54.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company's stock valued at $35,000 after acquiring an additional 1,152 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Angel Oak Mortgage REIT in the first quarter for approximately $50,000. Rappaport Reiches Capital Management LLC purchased a new stake in Angel Oak Mortgage REIT in the fourth quarter for approximately $190,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Angel Oak Mortgage REIT by 332.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company's stock, valued at $618,000, after purchasing an additional 44,256 shares during the period. 80.15% of the stock is now owned by institutional investors.
About Angel Oak Mortgage REIT
(Get your free report)
Angel Oak Mortgage REIT, Inc., a real estate finance company, is focused on acquiring and investing in first lien non-conforming mortgages and other mortgage-related assets in the U.S. mortgage market. The company offers investment securities, residential mortgages and commercial mortgages.
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