Analysts Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) PT at $11.92

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.92.

Several analysts have weighed in on the company. B. Riley reaffirmed a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Wall Street Zen downgraded Angel Oak Mortgage REIT from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Jones Trading reissued a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. Finally, UBS Group set a $10.50 target price on shares of Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research report on Thursday, July 10th.

Angel Oak Mortgage REIT Trading Down 0.6%

Shares of AOMR traded down $0.06 during trading hours on Monday, reaching $9.59. 74,099 shares of the company traded hands, compared to its average volume of 64,120. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $12.94. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 6.38. The company's fifty day moving average price is $9.37 and its two-hundred day moving average price is $9.48. The company has a market capitalization of $225.25 million, a price-to-earnings ratio of 6.39 and a beta of 1.38.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend was Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 85.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Amundi raised its position in Angel Oak Mortgage REIT by 3.1% in the 1st quarter. Amundi now owns 423,180 shares of the company's stock worth $3,847,000 after buying an additional 12,848 shares during the last quarter. Jacobs Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT by 265.5% in the fourth quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company's stock worth $3,170,000 after purchasing an additional 248,131 shares during the last quarter. Geode Capital Management LLC grew its position in Angel Oak Mortgage REIT by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 312,457 shares of the company's stock worth $2,901,000 after purchasing an additional 8,316 shares during the period. Bank of New York Mellon Corp grew its position in Angel Oak Mortgage REIT by 29.4% in the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company's stock worth $2,240,000 after purchasing an additional 53,463 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Angel Oak Mortgage REIT by 62.3% during the 4th quarter. Wells Fargo & Company MN now owns 184,965 shares of the company's stock valued at $1,716,000 after buying an additional 70,990 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other 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.