Angel Oak Mortgage REIT (NYSE:AOMR) Stock Price Down 2.8%

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) traded down 2.8% during mid-day trading on Wednesday . The stock traded as low as $11.90 and last traded at $11.99. 64,338 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 45,900 shares. The stock had previously closed at $12.33.

Analysts Set New Price Targets

Several research firms recently commented on AOMR. B. Riley reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 26th. UBS Group boosted their price objective 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 reissued a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their target price 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.

Angel Oak Mortgage REIT Trading 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 firm has a market cap of $299.75 million, a PE 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) last announced its earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, 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 had revenue of $25.21 million during the quarter, compared to analysts’ expectations of $26.60 million. On average, sell-side analysts forecast that Angel Oak Mortgage REIT, Inc. will post 0.86 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 10.68%. Angel Oak Mortgage REIT’s dividend payout ratio is 69.57%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT in the third quarter worth $32,000. Tower Research Capital LLC TRC lifted its stake in shares of Angel Oak Mortgage REIT by 54.7% in the 4th 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 during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Angel Oak Mortgage REIT during the 1st quarter valued at about $50,000. Rappaport Reiches Capital Management LLC bought a new position in Angel Oak Mortgage REIT during the 4th quarter worth approximately $190,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Angel Oak Mortgage REIT by 332.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after purchasing an additional 44,256 shares during the period. 80.15% of the stock is currently owned by institutional investors.

About Angel Oak Mortgage REIT

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.