Brokerages Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Target Price at $11.75

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.75.

Several brokerages have recently commented on AOMR. B. Riley raised Angel Oak Mortgage REIT from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, April 21st. Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, Jones Trading reaffirmed a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds have recently modified their holdings of AOMR. National Bank of Canada FI lifted its position in shares of Angel Oak Mortgage REIT by 140.0% during the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock worth $56,000 after buying an additional 3,500 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Angel Oak Mortgage REIT by 55.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock worth $60,000 after buying an additional 2,300 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Angel Oak Mortgage REIT during the 4th quarter worth approximately $76,000. M&T Bank Corp bought a new position in shares of Angel Oak Mortgage REIT during the 1st quarter worth approximately $110,000. Finally, Voya Investment Management LLC bought a new position in Angel Oak Mortgage REIT in the 4th quarter valued at $112,000. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 1.7%

Shares of Angel Oak Mortgage REIT stock opened at $10.10 on Wednesday. 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 market cap of $237.35 million, a price-to-earnings ratio of 3.44 and a beta of 1.44. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $9.49. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.67%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 85.33%.

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.