Angel Oak Mortgage REIT, Inc. (NYSE:AOMR – Free Report) – Stock analysts at B. Riley issued their Q1 2024 earnings per share estimates for Angel Oak Mortgage REIT in a research note issued on Tuesday, March 26th. B. Riley analyst M. Howlett expects that the company will post earnings of $0.20 per share for the quarter. B. Riley currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for Angel Oak Mortgage REIT’s current full-year earnings is $0.70 per share. B. Riley also issued estimates for Angel Oak Mortgage REIT’s Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.35 EPS, FY2024 earnings at $1.12 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.42 EPS.
Several other equities research analysts have also recently commented on the company. Wells Fargo & Company boosted their target price on Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th.
Check Out Our Latest Stock Analysis on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Stock Performance
Shares of NYSE AOMR opened at $10.74 on Friday. 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 simple moving average of $10.61 and a 200-day simple moving average of $9.94. The company has a market cap of $268.18 million, a PE ratio of 7.96 and a beta of 1.40. Angel Oak Mortgage REIT has a 12-month low of $7.02 and a 12-month high of $11.60.
Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.44). Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. The company had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.19 million.
Angel Oak Mortgage REIT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 11.92%. The ex-dividend date of this dividend was Wednesday, February 21st. Angel Oak Mortgage REIT’s payout ratio is 94.81%.
Institutional Investors Weigh In On Angel Oak Mortgage REIT
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Angel Oak Mortgage REIT by 54.7% during 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 during the period. Citigroup Inc. bought a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at about $29,000. Gladius Capital Management LP bought a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at about $32,000. American International Group Inc. lifted its stake in Angel Oak Mortgage REIT by 23.3% during the first quarter. American International Group Inc. now owns 4,761 shares of the company’s stock worth $78,000 after purchasing an additional 900 shares during the period. Finally, Barclays PLC lifted its stake in Angel Oak Mortgage REIT by 88.5% during the first quarter. Barclays PLC now owns 6,038 shares of the company’s stock worth $44,000 after purchasing an additional 2,834 shares during the period. 80.15% of the stock is currently owned by institutional investors.
Angel Oak Mortgage REIT Company Profile
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.
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