Brokerages Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Target Price at $12.20

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.20.

Several brokerages have recently commented on AOMR. B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a “buy” rating and a $13.00 target price for the company.

Insider Activity at Angel Oak Mortgage REIT

In related news, Director W D. Minami acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $9.73 per share, with a total value of $48,650.00. Following the completion of the transaction, the director now owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Angel Oak Mortgage REIT during the third quarter worth about $40,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $43,000. Barclays PLC raised its holdings in Angel Oak Mortgage REIT by 294.4% in the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after acquiring an additional 11,804 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after acquiring an additional 20,142 shares during the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Trading Up 0.1 %

AOMR opened at $10.22 on Monday. The stock has a market capitalization of $240.28 million, a PE ratio of 3.48 and a beta of 1.46. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The business’s 50 day moving average price is $9.62 and its 200 day moving average price is $10.34.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 12.52%. The ex-dividend date was Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

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.