Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Average Recommendation of “Hold” from Analysts

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.60.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday. UBS Group set a $10.50 price target on shares of Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Zacks Research downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Jones Trading reissued a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th.

Angel Oak Mortgage REIT Stock Down 2.0%

Shares of NYSE AOMR opened at $9.01 on Friday. The company’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $9.32. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $10.88. The firm has a market cap of $214.08 million, a price-to-earnings ratio of 5.85 and a beta of 1.36. The company has a quick ratio of 17.69, a current ratio of 17.69 and a debt-to-equity ratio of 7.53.

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 14.2%. Angel Oak Mortgage REIT’s payout ratio is 83.12%.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the transaction, the insider directly owned 4,134,210 shares of the company’s stock, valued at $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total transaction of $489,000.00. Following the transaction, the chief financial officer directly owned 70,488 shares in the company, valued at $689,372.64. This trade represents a 41.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after acquiring an additional 2,300 shares during the period. Strs Ohio purchased a new stake in shares of Angel Oak Mortgage REIT in the 1st quarter valued at approximately $25,000. BNP Paribas Financial Markets raised its stake in shares of Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after acquiring an additional 3,042 shares during the period. Algert Global LLC raised its stake in shares of Angel Oak Mortgage REIT by 46.1% in the 1st quarter. Algert Global LLC now owns 16,190 shares of the company’s stock valued at $154,000 after acquiring an additional 5,106 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Angel Oak Mortgage REIT by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 321,084 shares of the company’s stock valued at $3,025,000 after acquiring an additional 5,312 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.

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.