Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.10 Average Price Target from Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.10.

AOMR has been the topic of several recent analyst reports. Jones Trading reiterated a “buy” rating and set a $12.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, April 1st. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target on the stock. Wells Fargo & Company dropped their price objective 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, B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jacobs Asset Management LLC raised its stake in shares of Angel Oak Mortgage REIT by 265.5% during the fourth quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company’s stock valued at $3,170,000 after purchasing an additional 248,131 shares during the period. CF Capital LLC purchased a new stake in Angel Oak Mortgage REIT during the 4th quarter worth $1,095,000. Alpine Global Management LLC acquired a new position in Angel Oak Mortgage REIT in the 4th quarter worth $956,000. Bank of New York Mellon Corp boosted its position in Angel Oak Mortgage REIT by 100.2% in the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after buying an additional 90,844 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Angel Oak Mortgage REIT by 62.3% during the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company’s stock valued at $1,716,000 after acquiring an additional 70,990 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR opened at $7.78 on Friday. The business’s 50-day moving average price is $9.53 and its 200 day moving average price is $9.62. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $13.32. The company has a market capitalization of $182.83 million, a PE ratio of 2.65 and a beta of 1.44.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 16.45%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 112.28%.

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.