Analysts Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) PT at $12.00

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.20.

Several equities analysts have recently commented on AOMR shares. Janney Montgomery Scott started 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 for the company. Wells Fargo & Company decreased 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 report on Thursday, November 7th.

Insiders Place Their Bets

In related news, Director W D. Minami bought 5,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT in the third quarter valued at $616,000. State Street Corp increased its holdings in shares of Angel Oak Mortgage REIT by 3.4% in the 3rd quarter. State Street Corp now owns 333,989 shares of the company’s stock worth $3,484,000 after acquiring an additional 10,909 shares during the period. Jane Street Group LLC lifted its position in Angel Oak Mortgage REIT by 256.2% in the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock valued at $483,000 after purchasing an additional 33,297 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Angel Oak Mortgage REIT by 21.2% during the 2nd 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. Finally, Barclays PLC grew its position in Angel Oak Mortgage REIT by 294.4% in the 3rd 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. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 0.8 %

Shares of AOMR opened at $9.81 on Thursday. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31. The stock has a 50-day moving average price of $9.47 and a 200 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 company 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 dividend payout ratio is presently 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.