Angel Oak Mortgage REIT (NYSE:AOMR) Price Target Lowered to $11.00 at Wells Fargo & Company

Angel Oak Mortgage REIT (NYSE:AOMR) had its target price trimmed by Wells Fargo & Company from $12.00 to $11.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently weighed in on AOMR. 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 Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $9.85 on Wednesday. The company has a market capitalization of $231.47 million, a P/E ratio of 3.35 and a beta of 1.48. The company’s 50-day moving average is $9.98 and its 200 day moving average is $10.00. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.00%. Angel Oak Mortgage REIT’s dividend payout ratio is 43.54%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of large investors have recently made changes to their positions in AOMR. National Bank of Canada FI purchased a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Angel Oak Mortgage REIT during the third quarter valued at about $40,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Angel Oak Mortgage REIT in the third quarter worth about $43,000. BNP Paribas Financial Markets bought a new position in shares of Angel Oak Mortgage REIT in the fourth quarter valued at approximately $76,000. Finally, Voya Investment Management LLC purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $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.