Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.08.

A number of analysts have weighed in on AOMR shares. B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Jones Trading reaffirmed a “buy” rating and issued a $12.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 4th. Wells Fargo & Company lowered their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 target price on the stock.

Angel Oak Mortgage REIT Trading Down 0.1 %

Shares of NYSE AOMR opened at $9.65 on Tuesday. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32. 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 cap of $226.76 million, a price-to-earnings ratio of 3.28 and a beta of 1.47. The business’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.88.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 13.27%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 112.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the business. Jacobs Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 265.5% during the 4th quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company’s stock valued at $3,170,000 after acquiring an additional 248,131 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at about $1,515,000. CF Capital LLC bought a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at about $1,095,000. Alpine Global Management LLC purchased a new position in Angel Oak Mortgage REIT in the fourth quarter valued at about $956,000. Finally, Bank of New York Mellon Corp raised its holdings in Angel Oak Mortgage REIT by 100.2% in the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock worth $1,685,000 after purchasing an additional 90,844 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

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.