Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Rating of “Moderate Buy” by Analysts

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.92.

A number of equities analysts have weighed in on the company. Jones Trading reissued a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. Wall Street Zen cut Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. B. Riley restated a “buy” rating and issued a $13.00 price target (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. Finally, UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research report on Thursday, July 10th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the 1st quarter valued at $25,000. National Bank of Canada FI grew its stake in Angel Oak Mortgage REIT by 140.0% in the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock worth $56,000 after purchasing an additional 3,500 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after acquiring an additional 2,300 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Angel Oak Mortgage REIT during the fourth quarter worth about $76,000. Finally, M&T Bank Corp acquired a new stake in shares of Angel Oak Mortgage REIT during the 1st quarter worth approximately $110,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Up 1.1%

AOMR opened at $9.66 on Monday. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 6.38. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $12.94. The company has a market cap of $226.96 million, a PE ratio of 6.44 and a beta of 1.38. The company has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.48.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.25%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 85.33%.

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.