Brokerages Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Price Target at $12.10

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.70.

AOMR has been the topic of a number of research reports. Jones Trading cut their price target on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating on the stock in a report on Thursday. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price 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. Finally, Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management lifted its stake in Angel Oak Mortgage REIT by 162.4% in the 1st quarter. Ritholtz Wealth Management now owns 92,561 shares of the company’s stock valued at $882,000 after purchasing an additional 57,283 shares during the last quarter. Sanders Morris Harris LLC bought a new position in Angel Oak Mortgage REIT during the 1st quarter worth approximately $152,000. Public Employees Retirement System of Ohio boosted 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 purchasing an additional 2,300 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the fourth quarter worth $956,000. Finally, Two Sigma Advisers LP raised its position in shares of Angel Oak Mortgage REIT by 37.6% in the 4th quarter. Two Sigma Advisers LP now owns 26,700 shares of the company’s stock worth $248,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR opened at $7.92 on Friday. The stock has a market cap of $186.12 million, a P/E ratio of 2.69 and a beta of 1.44. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $13.32. The stock’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.56. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 16.16%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 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.