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

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.08.

A number of research analysts have recently commented on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Jones Trading reaffirmed 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 assumed coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOMR. Public Employees Retirement System of Ohio boosted its stake in shares of Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after buying an additional 2,300 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter worth about $956,000. Two Sigma Advisers LP boosted its holdings in shares of Angel Oak Mortgage REIT by 37.6% in the 4th quarter. Two Sigma Advisers LP now owns 26,700 shares of the company’s stock valued at $248,000 after buying an additional 7,300 shares in the last quarter. Millennium Management LLC grew its position in shares of Angel Oak Mortgage REIT by 52.0% in the 4th quarter. Millennium Management LLC now owns 102,221 shares of the company’s stock valued at $949,000 after buying an additional 34,977 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after acquiring an additional 4,282 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR opened at $9.79 on Tuesday. The firm has a fifty day simple moving average of $10.03 and a two-hundred day simple moving average of $9.83. Angel Oak Mortgage REIT has a 52 week low of $8.88 and a 52 week high of $13.32. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $230.17 million, a P/E ratio of 3.33 and a beta of 1.47.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 13.07%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio 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.