Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.20 Average Target Price from Brokerages

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.20.

Several research analysts have recently commented on AOMR shares. 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 target for the company. Wells Fargo & Company lowered their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 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 the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the acquisition, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. This trade represents a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently modified their holdings of AOMR. National Bank of Canada FI acquired a new position in shares of Angel Oak Mortgage REIT in the third quarter worth about $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at approximately $40,000. Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT in the 3rd quarter worth approximately $43,000. Barclays PLC grew its position in 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, Renaissance Technologies LLC raised its stake in Angel Oak Mortgage REIT by 21.2% during the 2nd 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 period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 0.1 %

AOMR stock opened at $10.22 on Monday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The firm has a market cap of $240.27 million, a PE ratio of 3.48 and a beta of 1.46. The firm’s 50 day moving average price is $9.62 and its 200-day moving average price is $10.31. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.52%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.