Angel Oak Mortgage REIT’s (AOMR) Buy Rating Reiterated at Jones Trading

Jones Trading restated their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research note published on Tuesday morning,Benzinga reports. They currently have a $12.50 price target on the stock.

A number of other equities analysts also recently weighed in on AOMR. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Finally, B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Angel Oak Mortgage REIT presently has an average rating of “Moderate Buy” and an average target price of $12.08.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $9.68 on Tuesday. The stock has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $10.00. The stock has a market capitalization of $227.47 million, a price-to-earnings ratio of 3.28 and a beta of 1.47. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 12-month low of $8.88 and a 12-month high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The firm 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 yield of 13.23%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 112.28%.

Institutional Trading of Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently made changes to their positions in AOMR. Wolverine Asset Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth $616,000. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after buying an additional 20,142 shares during the last quarter. Barclays PLC grew its position in shares of Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after buying an additional 11,804 shares during the period. State Street Corp increased its stake 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 valued at $3,484,000 after acquiring an additional 10,909 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Angel Oak Mortgage REIT by 256.2% in the third 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 in the last quarter. Institutional investors 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.