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 an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.20.

AOMR has been the subject of several recent research reports. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th.

Angel Oak Mortgage REIT Stock Down 5.2 %

Shares of Angel Oak Mortgage REIT stock opened at $10.13 on Friday. The stock has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $10.16. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.31. The firm has a market cap of $238.04 million, a price-to-earnings ratio of 3.44 and a beta of 1.48. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 12.64%. The ex-dividend date of this dividend is Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio is currently 43.54%.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently modified their holdings of AOMR. National Bank of Canada FI bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth $43,000. BNP Paribas Financial Markets bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter worth $76,000. Finally, Voya Investment Management LLC bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter worth $112,000. 80.15% of the stock is owned by institutional investors.

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.