Angel Oak Mortgage REIT (NYSE:AOMR) Given Neutral Rating at B. Riley

B. Riley reaffirmed their neutral rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research report report published on Tuesday, Benzinga reports. B. Riley currently has a $12.00 target price on the stock.

AOMR has been the topic of several other research reports. Oppenheimer restated a market perform rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price target on Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Thursday, March 7th.

Angel Oak Mortgage REIT Stock Down 2.0 %

NYSE:AOMR opened at $10.75 on Tuesday. The firm has a market capitalization of $268.37 million, a PE ratio of 7.96 and a beta of 1.40. Angel Oak Mortgage REIT has a 52 week low of $7.02 and a 52 week high of $11.60. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 4.57. The stock has a 50 day moving average of $10.61 and a 200-day moving average of $9.93.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.44). Angel Oak Mortgage REIT had a negative return on equity of 12.35% and a net margin of 35.14%. The company had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.19 million. Analysts predict that Angel Oak Mortgage REIT will post 0.7 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 11.91%. The ex-dividend date of this dividend was Wednesday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 94.81%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Angel Oak Mortgage REIT by 48.6% during the 1st quarter. JPMorgan Chase & Co. now owns 101,327 shares of the company’s stock valued at $1,663,000 after purchasing an additional 33,129 shares in the last quarter. Raymond James & Associates grew its position in Angel Oak Mortgage REIT by 9.3% in the first quarter. Raymond James & Associates now owns 12,460 shares of the company’s stock worth $204,000 after buying an additional 1,060 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Angel Oak Mortgage REIT by 38.4% in the first quarter. Bank of New York Mellon Corp now owns 27,492 shares of the company’s stock valued at $451,000 after buying an additional 7,626 shares in the last quarter. BlackRock Inc. lifted its position in shares of Angel Oak Mortgage REIT by 2.6% during the 1st quarter. BlackRock Inc. now owns 627,356 shares of the company’s stock valued at $10,294,000 after acquiring an additional 15,938 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Angel Oak Mortgage REIT by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 341,945 shares of the company’s stock worth $5,611,000 after acquiring an additional 30,894 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.