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

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.20.

A number of brokerages recently issued reports on AOMR. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Wells Fargo & Company decreased their price target on 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.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami bought 5,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at about $616,000. State Street Corp raised its position in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after acquiring an additional 10,909 shares in the last quarter. Renaissance Technologies LLC lifted 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 acquiring an additional 4,400 shares during the last quarter. Ritholtz Wealth Management grew its position 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 worth $514,000 after acquiring an additional 10,171 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Angel Oak Mortgage REIT in the third quarter worth approximately $1,515,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 4.3 %

Angel Oak Mortgage REIT stock opened at $9.94 on Thursday. The firm 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 has a 52-week low of $8.88 and a 52-week high of $13.31. The firm has a market capitalization of $233.70 million, a price-to-earnings 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.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued 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 currently 43.54%.

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.