Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives Average Rating of “Moderate Buy” from Brokerages

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.20.

AOMR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company.

Angel Oak Mortgage REIT Stock Up 4.3 %

Shares of Angel Oak Mortgage REIT stock opened at $9.94 on Thursday. Angel Oak Mortgage REIT has a 12-month low of $8.88 and a 12-month high of $13.31. The stock has a market capitalization of $233.70 million, a P/E ratio of 3.38 and a beta of 1.46. 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 stock has a 50 day moving average price of $9.45 and a two-hundred day moving average price of $10.60.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were paid a $0.32 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.88%. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Insiders Place Their Bets

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 stock was purchased at an average price of $9.73 per share, with a total value of $48,650.00. Following the completion of the transaction, the director now directly owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This trade represents a 12.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently modified their holdings of AOMR. National Bank of Canada FI bought a new stake in Angel Oak Mortgage REIT in the third quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth about $43,000. Barclays PLC increased its position in shares of Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after purchasing an additional 11,804 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Angel Oak Mortgage REIT by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after purchasing an additional 20,142 shares during the last quarter. 80.15% of the stock is 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.