Analysts Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) PT at $12.20

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.20.

Several research analysts have issued reports on AOMR shares. Wells Fargo & Company decreased 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. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a “buy” rating and a $13.00 target price on the stock.

Angel Oak Mortgage REIT Trading Down 0.7 %

Shares of NYSE AOMR opened at $10.04 on Monday. Angel Oak Mortgage REIT has a 1 year low of $8.88 and a 1 year high of $13.31. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The firm has a 50-day moving average of $9.59 and a 200 day moving average of $10.35. The stock has a market cap of $236.02 million, a P/E ratio of 3.41 and a beta of 1.46.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 12.75%. The ex-dividend date of this dividend was Tuesday, November 19th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 43.54%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami acquired 5,000 shares of the stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Trading of Angel Oak Mortgage REIT

A number of institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in shares of Angel Oak Mortgage REIT during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC bought a new position in Angel Oak Mortgage REIT in the 3rd quarter valued at $40,000. Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT in the third quarter worth $43,000. Barclays PLC lifted its position in shares of Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after purchasing an additional 11,804 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Angel Oak Mortgage REIT by 285.3% during 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. 80.15% of the stock is currently owned by institutional investors.

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.