Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.08 Average Target Price from Brokerages

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $12.08.

A number of brokerages have weighed in on AOMR. Wells Fargo & Company lowered their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Jones Trading reiterated a “buy” rating and set a $12.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, March 4th. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target for the company. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT in the 3rd quarter worth about $43,000. BNP Paribas Financial Markets bought a new stake in Angel Oak Mortgage REIT in the fourth quarter worth approximately $76,000. Voya Investment Management LLC acquired a new position in Angel Oak Mortgage REIT during the fourth quarter worth $112,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after buying an additional 4,282 shares during the period. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Stock Up 1.1 %

Shares of NYSE:AOMR opened at $9.79 on Tuesday. The company has a market cap of $230.17 million, a price-to-earnings ratio of 3.33 and a beta of 1.47. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32. The firm’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $9.83. 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 Announces Dividend

The firm 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. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 13.07%. Angel Oak Mortgage REIT’s payout ratio is 112.28%.

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.