Angel Oak Mortgage REIT’s (AOMR) Buy Rating Reaffirmed at Jones Trading

Jones Trading restated their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research report report published on Tuesday,Benzinga reports. They currently have a $10.50 target price on the stock.

Several other research analysts have also recently issued reports on AOMR. B. Riley raised Angel Oak Mortgage REIT from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, April 21st. Wells Fargo & Company cut 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.75.

Angel Oak Mortgage REIT Stock Performance

NYSE:AOMR opened at $9.75 on Tuesday. The company has a 50-day moving average of $9.03 and a 200-day moving average of $9.48. The firm has a market cap of $229.17 million, a price-to-earnings ratio of 3.32 and a beta of 1.44. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 13.13%. The ex-dividend date of this dividend is Thursday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio is currently 112.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Angel Oak Mortgage REIT by 62.3% during the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company’s stock worth $1,716,000 after purchasing an additional 70,990 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock valued at $375,000 after acquiring an additional 3,577 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after acquiring an additional 20,142 shares during the last quarter. Barclays PLC raised its holdings in shares of Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after acquiring an additional 11,804 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Angel Oak Mortgage REIT by 256.2% during the third quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock valued at $483,000 after purchasing an additional 33,297 shares during the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

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.