Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Stock Has Consensus Price Target of $10.06 According to Brokerages

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.06.

Several research analysts have recently weighed in on the stock. JonesTrading restated a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, BTIG Research lowered their price target on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th.

Angel Oak Mortgage REIT Stock Down 1.7%

Shares of AOMR stock opened at $7.45 on Friday. The firm’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $8.57. Angel Oak Mortgage REIT has a 1 year low of $7.44 and a 1 year high of $9.60. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $172.99 million, a P/E ratio of 9.93 and a beta of 1.26.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date was Friday, August 21st. Angel Oak Mortgage REIT’s payout ratio is 170.67%.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, CFO Brandon Filson sold 65,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total transaction of $515,450.00. Following the completion of the sale, the chief financial officer owned 107,815 shares of the company’s stock, valued at approximately $854,972.95. This represents a 37.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W. Minami purchased 6,800 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $8.10 per share, for a total transaction of $55,080.00. Following the transaction, the director directly owned 87,118 shares in the company, valued at approximately $705,655.80. This trade represents a 8.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Angel Oak Mortgage REIT

A number of large investors have recently bought and sold shares of AOMR. Royal Bank of Canada lifted its stake in shares of Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT in the second quarter worth approximately $58,000. Bank of America Corp DE lifted its stake in Angel Oak Mortgage REIT by 23.1% in the first quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock valued at $94,000 after buying an additional 2,155 shares during the period. Deutsche Bank AG bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth approximately $141,000. Finally, State of Wyoming bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth approximately $213,000. 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 (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.