Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.20 Average Price Target from Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.20.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AOMR. Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at about $616,000. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after acquiring an additional 20,142 shares during the period. Barclays PLC boosted its holdings in Angel Oak Mortgage REIT by 294.4% during 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 during the period. State Street Corp boosted its holdings in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after acquiring an additional 10,909 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Angel Oak Mortgage REIT by 256.2% during the third quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock valued at $483,000 after acquiring an additional 33,297 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Stock Performance

Shares of Angel Oak Mortgage REIT stock opened at $9.93 on Friday. The stock has a market cap of $233.56 million, a PE ratio of 3.38 and a beta of 1.47. The business has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $10.07. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 12.89%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.