Brokerages Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) PT at $11.60

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

A number of analysts recently commented on AOMR shares. Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Jones Trading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. 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 report on Friday, May 16th. Finally, UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research report on Thursday, July 10th.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of AOMR. Strs Ohio purchased a new stake in Angel Oak Mortgage REIT in the first quarter worth about $25,000. BNP Paribas Financial Markets increased its position in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after buying an additional 3,042 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Angel Oak Mortgage REIT by 55.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock worth $60,000 after buying an additional 2,300 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Angel Oak Mortgage REIT during the first quarter worth about $110,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Down 0.5%

Angel Oak Mortgage REIT stock opened at $9.95 on Friday. The stock has a market cap of $236.41 million, a PE ratio of 6.46 and a beta of 1.38. The company has a debt-to-equity ratio of 7.53, a quick ratio of 17.69 and a current ratio of 17.69. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $11.68. The stock has a fifty day moving average of $9.42 and a 200 day moving average of $9.41.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be given a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 12.9%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 83.12%.

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.