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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.20.

Several research firms recently weighed in on AOMR. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target on the stock. B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of AOMR. Allspring Global Investments Holdings LLC bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $40,000. Wolverine Asset Management LLC bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $616,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $1,515,000. Jacobs Asset Management LLC bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $975,000. Finally, State Street Corp grew its position in shares of Angel Oak Mortgage REIT by 3.4% during the 3rd quarter. State Street Corp now owns 333,989 shares of the company’s stock worth $3,484,000 after buying an additional 10,909 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

NYSE:AOMR opened at $9.74 on Friday. The stock’s fifty day moving average is $9.90 and its 200 day moving average is $10.11. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The firm has a market capitalization of $228.87 million, a PE ratio of 3.31 and a beta of 1.48. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.15%. Angel Oak Mortgage REIT’s payout ratio is 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.