Key Points
- Director Landon Parsons bought 7,400 shares for $46,472, lifting his ownership by 14.85% to 57,232 shares.
- Angel Oak reported quarterly EPS of $0.28, below the $0.32 consensus, and revenue also missed analyst expectations.
- The company declared a $0.32 quarterly dividend, equivalent to a stated annualized yield of 20.7%. Analysts lowered price targets, though the consensus rating remained “Moderate Buy.”
Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) Director Landon Parsons acquired 7,400 shares of the firm's stock in a transaction on Thursday, November 5th. The shares were bought at an average cost of $6.28 per share, with a total value of $46,472.00. Following the completion of the acquisition, the director owned 57,232 shares in the company, valued at $359,416.96. This represents a 14.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Angel Oak Mortgage REIT Stock Performance
Shares of AOMR stock opened at $6.19 on Friday. The stock has a market capitalization of $143.65 million, a price-to-earnings ratio of -14.39 and a beta of 1.30. Angel Oak Mortgage REIT Inc. has a one year low of $6.09 and a one year high of $9.48. The company's 50-day simple moving average is $7.54 and its 200-day simple moving average is $8.41. The company has a debt-to-equity ratio of 8.76, a quick ratio of 7.16 and a current ratio of 7.16.
Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Angel Oak Mortgage REIT had a negative net margin of 5.74% and a positive return on equity of 10.12%. The firm had revenue of ($10.63) million during the quarter, compared to the consensus estimate of $11.39 million. Equities analysts anticipate that Angel Oak Mortgage REIT Inc. will post 1.14 earnings per share for the current fiscal year.
Angel Oak Mortgage REIT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 20.7%. The ex-dividend date is Monday, November 23rd. Angel Oak Mortgage REIT's payout ratio is -297.67%.
Analysts Set New Price Targets
AOMR has been the topic of a number of recent research reports. B. Riley Financial cut their target price on shares of Angel Oak Mortgage REIT from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price target on Angel Oak Mortgage REIT from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Thursday. Wall Street Zen raised Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. BTIG Research reduced their price objective on Angel Oak Mortgage REIT from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, October 6th. Finally, Weiss Ratings downgraded Angel Oak Mortgage REIT from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
Check Out Our Latest Report on Angel Oak Mortgage REIT
Key Headlines Impacting Angel Oak Mortgage REIT
Here are the key news stories impacting Angel Oak Mortgage REIT this week:
- Positive Sentiment: Director Landon Parsons bought 7,400 shares for about $46,500, increasing his direct ownership by 14.85% to 57,232 shares. The purchase may signal confidence at current levels. SEC filing
- Positive Sentiment: The company declared a dividend payable November 30, providing continued income support for shareholders. Dividend announcement
- Neutral Sentiment: Management expects roughly one securitization per quarter as returns work back toward a 15%–20% range. That outlook offers a potential recovery path, though the timing and achievement remain uncertain. Securitization outlook
- Negative Sentiment: AOMR reported a third-quarter GAAP loss amid challenges in non-QM lending. EPS of $0.28 missed the $0.32 consensus, while reported revenue also fell short of expectations, weighing on the outlook. Third-quarter results and non-QM challenges
- Negative Sentiment: Wells Fargo cut its price target from $10 to $8, and B. Riley lowered its target from $13 to $10. Both firms retained favorable ratings—Overweight and Buy, respectively—but the reductions temper optimism. Wells Fargo rating B. Riley target change
- Negative Sentiment: JonesTrading also lowered its expectations for AOMR, adding to concerns about the stock’s near-term outlook. JonesTrading report
Hedge Funds Weigh In On Angel Oak Mortgage REIT
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOMR. Royal Bank of Canada increased its position in Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company's stock valued at $33,000 after acquiring an additional 1,968 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT in the second quarter worth $58,000. Bank of America Corp DE grew its stake in shares of Angel Oak Mortgage REIT by 23.1% in the first quarter. Bank of America Corp DE now owns 11,490 shares of the company's stock worth $94,000 after purchasing an additional 2,155 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Angel Oak Mortgage REIT during the second quarter valued at $141,000. Finally, State of Wyoming acquired a new position in shares of Angel Oak Mortgage REIT during the second quarter valued at $213,000. 80.15% of the stock is owned by institutional investors.
About Angel Oak Mortgage REIT
(
Get Free Report)
Angel Oak Mortgage REIT, Inc is a real estate investment trust focused on investing in residential mortgage assets. The company primarily targets non-qualified mortgage loans, or non-QM loans, which are residential mortgages made to creditworthy borrowers whose financial profiles may not fit traditional agency underwriting standards.
Its investment portfolio may also include residential mortgage-backed securities and other mortgage-related assets. Angel Oak Mortgage REIT seeks to generate income through interest payments and other returns from these investments, with an emphasis on loans secured by residential properties in the United States.
Angel Oak Mortgage REIT is externally managed by Angel Oak Capital Advisors, an investment management firm specializing in mortgage credit and related strategies.
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