Angel Oak Mortgage REIT (NYSE:AOMR) Research Coverage Started at Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $13.00 price objective on the stock.

Separately, 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 on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Angel Oak Mortgage REIT has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $9.53 on Thursday. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The company’s 50-day moving average price is $9.43 and its 200 day moving average price is $10.63. The firm has a market cap of $224.06 million, a price-to-earnings ratio of 3.24 and a beta of 1.46. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.43%. The ex-dividend date was Tuesday, November 19th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 43.54%.

Insider Buying and Selling

In other news, Director W D. Minami acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the acquisition, the director now owns 45,259 shares in the company, valued at approximately $440,370.07. The trade was a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after purchasing an additional 20,142 shares during the period. Barclays PLC raised its stake in shares of 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 purchasing an additional 11,804 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $43,000. National Bank of Canada FI bought a new position in Angel Oak Mortgage REIT during the third quarter worth about $26,000. Finally, Jane Street Group LLC lifted its position in shares of Angel Oak Mortgage REIT by 256.2% during the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after buying an additional 33,297 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.