Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.08 Consensus Target Price from Brokerages

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.08.

Several research analysts have recently weighed in on AOMR shares. Jones Trading reissued a “buy” rating and issued a $12.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, March 4th. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $9.82 on Tuesday. The firm’s 50 day simple moving average is $10.02 and its 200-day simple moving average is $9.87. The company has a market cap of $230.88 million, a P/E ratio of 3.34 and a beta of 1.47. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 112.28%.

Institutional Trading of Angel Oak Mortgage REIT

A number of institutional investors have recently added to or reduced their stakes in AOMR. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT in the third quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $76,000. Voya Investment Management LLC acquired a new stake in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $112,000. Finally, Lazard Asset Management LLC lifted its stake in Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after acquiring an additional 4,282 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.