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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.20.

Several research firms have commented on AOMR. Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 target price 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.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $10.14 on Monday. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The company has a market capitalization of $238.39 million, a price-to-earnings ratio of 3.45 and a beta of 1.46. The business’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $10.38. Angel Oak Mortgage REIT has a 1 year low of $8.88 and a 1 year high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 12.62%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 43.54%.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the purchase, the director now owns 45,259 shares in the company, valued at approximately $440,370.07. The trade was a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT during the third quarter worth approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $43,000. Renaissance Technologies LLC grew its position in shares of Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after purchasing an additional 4,400 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Angel Oak Mortgage REIT by 3.4% during the third 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 during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.