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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.20.

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. 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 objective on the stock. Finally, B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $9.92 on Friday. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.31. The company has a 50 day moving average of $9.94 and a two-hundred day moving average of $10.07. The company has a market cap of $233.11 million, a P/E ratio of 3.37 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 12.91%. The ex-dividend date of this dividend is Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio is currently 43.54%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of institutional investors have recently made changes to their positions in AOMR. National Bank of Canada FI acquired a new position in Angel Oak Mortgage REIT in the third quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter worth about $40,000. Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter worth about $43,000. BNP Paribas Financial Markets acquired a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at about $76,000. Finally, Voya Investment Management LLC bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter valued at about $112,000. 80.15% of the stock is currently owned by 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.