Wells Fargo & Company Cuts Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $11.00

Angel Oak Mortgage REIT (NYSE:AOMR) had its target price lowered by Wells Fargo & Company from $12.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts also recently commented on the stock. Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Angel Oak Mortgage REIT has an average rating of “Moderate Buy” and an average target price of $12.08.

Angel Oak Mortgage REIT Trading Up 1.6 %

Shares of AOMR stock opened at $9.73 on Wednesday. Angel Oak Mortgage REIT has a 12-month low of $8.88 and a 12-month high of $13.32. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm’s 50 day moving average is $9.98 and its 200 day moving average is $10.00. The stock has a market capitalization of $228.76 million, a P/E ratio of 3.31 and a beta of 1.47.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 13.16%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 112.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AOMR. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company’s stock worth $268,000 after buying an additional 1,730 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Angel Oak Mortgage REIT by 55.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after buying an additional 2,300 shares during the last quarter. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT during the third quarter worth about $26,000. Barclays PLC increased its position in Angel Oak Mortgage REIT by 19.8% during the fourth quarter. Barclays PLC now owns 18,945 shares of the company’s stock worth $176,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock worth $375,000 after purchasing an additional 3,577 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.