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Angel Oak Mortgage, Inc. (NYSE:AOMR – Get Rating) – Research analysts at Oppenheimer lifted their Q2 2022 EPS estimates for Angel Oak Mortgage in a research report issued to clients and investors on Monday, May 16th. Oppenheimer analyst C. Kotowski now forecasts that the company will post earnings per share of $0.43 for the quarter, up from their previous estimate of $0.39. Oppenheimer also issued estimates for Angel Oak Mortgage’s Q3 2022 earnings at $0.45 EPS, Q4 2022 earnings at $0.46 EPS, FY2022 earnings at $2.82 EPS and FY2023 earnings at $1.95 EPS.
Angel Oak Mortgage (NYSE:AOMR – Get Rating) last issued its earnings results on Tuesday, March 15th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.51. Angel Oak Mortgage had a negative net margin of 41.11% and a positive return on equity of 14.85%. The company had revenue of $22.79 million for the quarter, compared to analysts’ expectations of $22.52 million.
A number of other analysts have also weighed in on the company. Zacks Investment Research upgraded Angel Oak Mortgage from a “sell” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Wednesday. Wells Fargo & Company decreased their price objective on Angel Oak Mortgage from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, March 16th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Angel Oak Mortgage presently has an average rating of “Buy” and a consensus target price of $19.00.
NYSE AOMR opened at $13.30 on Thursday. The firm’s 50 day moving average price is $15.84 and its 200-day moving average price is $16.51. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.25. Angel Oak Mortgage has a 52-week low of $12.60 and a 52-week high of $19.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 23rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 20th. This represents a $1.80 annualized dividend and a dividend yield of 13.53%. Angel Oak Mortgage’s dividend payout ratio is presently -141.73%.
In related news, Director Jonathan Morgan bought 4,000 shares of the company’s stock in a transaction on Friday, April 1st. The shares were bought at an average price of $16.40 per share, with a total value of $65,600.00. Following the transaction, the director now owns 8,211 shares in the company, valued at $134,660.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W D. Minami purchased 3,700 shares of the business’s stock in a transaction on Wednesday, March 30th. The shares were bought at an average price of $16.28 per share, for a total transaction of $60,236.00. The disclosure for this purchase can be found here.
A number of institutional investors have recently bought and sold shares of AOMR. Royal Bank of Canada raised its stake in shares of Angel Oak Mortgage by 32.5% in the third quarter. Royal Bank of Canada now owns 3,313 shares of the company’s stock worth $55,000 after purchasing an additional 813 shares during the last quarter. American International Group Inc. increased its holdings in Angel Oak Mortgage by 23.3% in the 1st quarter. American International Group Inc. now owns 4,761 shares of the company’s stock worth $78,000 after buying an additional 900 shares during the period. Raymond James & Associates raised its position in Angel Oak Mortgage by 9.3% during the 1st 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. New York State Common Retirement Fund acquired a new stake in Angel Oak Mortgage during the 3rd quarter valued at approximately $25,000. Finally, UBS Group AG boosted its holdings in shares of Angel Oak Mortgage by 2.5% in the 1st quarter. UBS Group AG now owns 85,125 shares of the company’s stock valued at $1,397,000 after acquiring an additional 2,055 shares during the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.
About Angel Oak Mortgage (Get Rating)
Angel Oak Mortgage, 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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
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