Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.08.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT during the third quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $76,000. Voya Investment Management LLC acquired a new position in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $112,000. Finally, Lazard Asset Management LLC lifted its holdings in Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after acquiring an additional 4,282 shares during the period. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR opened at $9.65 on Tuesday. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a market cap of $226.76 million, a PE ratio of 3.28 and a beta of 1.47. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.32. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $9.88.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.27%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 112.28%.

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.