Brokerages Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Price Target at $11.75

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.00.

AOMR has been the topic of a number of research analyst reports. B. Riley raised Angel Oak Mortgage REIT from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Jones Trading reaffirmed a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR opened at $10.16 on Wednesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The stock’s 50-day moving average is $9.06 and its 200-day moving average is $9.50. The company has a market cap of $238.76 million, a P/E ratio of 3.46 and a beta of 1.44. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.28 annualized dividend and a yield of 12.60%. Angel Oak Mortgage REIT’s dividend payout ratio is 85.33%.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds have recently modified their holdings of AOMR. National Bank of Canada FI increased its position in shares of Angel Oak Mortgage REIT by 140.0% during the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock valued at $56,000 after purchasing an additional 3,500 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock worth $60,000 after buying an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Angel Oak Mortgage REIT in the 4th quarter valued at $76,000. M&T Bank Corp bought a new stake in Angel Oak Mortgage REIT in the 1st quarter valued at $110,000. Finally, Voya Investment Management LLC acquired a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at $112,000. Institutional investors own 80.15% of the company’s stock.

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.