Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.00.

Several equities research analysts have weighed in on AOMR shares. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a research note on Thursday. They set a “buy” rating and a $13.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th.

Angel Oak Mortgage REIT Stock Up 1.8 %

Shares of AOMR opened at $9.28 on Thursday. The business’s 50 day simple moving average is $9.43 and its 200-day simple moving average is $10.67. Angel Oak Mortgage REIT has a 1 year low of $8.88 and a 1 year high of $13.31. 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 stock has a market capitalization of $218.18 million, a price-to-earnings ratio of 3.16 and a beta of 1.46.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date was Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is presently 43.54%.

Insider Activity at Angel Oak Mortgage REIT

In other news, Director W D. Minami purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the purchase, the director now owns 45,259 shares in the company, valued at approximately $440,370.07. This represents a 12.42 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOMR. National Bank of Canada FI bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $40,000. Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at about $43,000. Renaissance Technologies LLC grew its stake in 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, Ritholtz Wealth Management grew its stake in Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after purchasing an additional 10,171 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors.

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.