Angel Oak Mortgage REIT’s (AOMR) “Buy” Rating Reaffirmed at Jones Trading

Jones Trading reaffirmed their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research report released on Tuesday,Benzinga reports. Jones Trading currently has a $12.50 target price on the stock.

Several other equities research analysts have also recently issued reports on AOMR. B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $9.44 on Tuesday. The firm has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $9.80. The stock has a market cap of $221.72 million, a price-to-earnings ratio of 3.21 and a beta of 1.47. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT has a 1-year low of $8.88 and a 1-year high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.32 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 13.57%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 112.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in Angel Oak Mortgage REIT during the third quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new stake in Angel Oak Mortgage REIT during the 4th quarter worth approximately $76,000. Voya Investment Management LLC acquired a new stake in Angel Oak Mortgage REIT during the 4th quarter worth approximately $112,000. Finally, Lazard Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after buying an additional 4,282 shares during the period. 80.15% of the stock is currently owned by hedge funds and other 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.