Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.00 Consensus Target Price from Analysts

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.20.

A number of brokerages have recently commented on AOMR. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. 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.

Insiders Place Their Bets

In other Angel Oak Mortgage REIT news, Director W D. Minami acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the purchase, the director now directly owns 45,259 shares in the company, valued at $440,370.07. This represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in shares of Angel Oak Mortgage REIT during the third quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $40,000. Public Employees Retirement System of Ohio purchased 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% in the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after acquiring an additional 11,804 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Angel Oak Mortgage REIT by 21.2% during 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 period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 0.8 %

AOMR stock opened at $9.81 on Thursday. The company has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $10.58. 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 stock has a market capitalization of $230.64 million, a P/E ratio of 3.34 and a beta of 1.46. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The company 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. This represents a $1.28 dividend on an annualized basis and a yield of 13.05%. The ex-dividend date of this dividend was Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is currently 43.54%.

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.