Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.08.

A number of research analysts have issued reports on AOMR shares. Wells Fargo & Company reduced their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Janney Montgomery Scott started 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. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Finally, Jones Trading reaffirmed a “buy” rating and issued a $12.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 4th.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in AOMR. Jacobs Levy Equity Management Inc. bought a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $1,515,000. Jacobs Asset Management LLC bought a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $975,000. State Street Corp raised its holdings in shares of Angel Oak Mortgage REIT by 3.4% in the 3rd quarter. State Street Corp now owns 333,989 shares of the company’s stock worth $3,484,000 after purchasing an additional 10,909 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Angel Oak Mortgage REIT by 256.2% in the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after purchasing an additional 33,297 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $26,000. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Trading Down 1.5 %

Angel Oak Mortgage REIT stock opened at $9.67 on Tuesday. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $9.85. The firm has a market capitalization of $227.23 million, a price-to-earnings ratio of 3.29 and a beta of 1.47. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.24%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio is currently 112.28%.

About Angel Oak Mortgage REIT

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.