Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Angel Oak Mortgage REIT has been rated as a "Moderate Buy" by analysts, with an average price target of $11.60.
• The company recently announced a quarterly dividend of $0.32, translating to an annualized yield of 12.9%.
• Major shareholder Davidson Kempner Capital Management sold 595,000 shares of the company, reducing their ownership by 12.58%.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.60.

AOMR has been the subject of a number of recent analyst reports. Zacks Research raised shares of Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. UBS Group set a $10.50 price target on shares of Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Jones Trading reiterated a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $9.75, for a total value of $5,801,250.00. Following the transaction, the insider directly owned 4,134,210 shares of the company's stock, valued at approximately $40,308,547.50. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company's stock.

Institutional Trading of Angel Oak Mortgage REIT

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the first quarter worth about $25,000. BNP Paribas Financial Markets grew its stake in Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company's stock worth $37,000 after buying an additional 3,042 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in 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 worth $60,000 after buying an additional 2,300 shares in the last quarter. M&T Bank Corp purchased a new position in Angel Oak Mortgage REIT in the 1st quarter worth approximately $110,000. Finally, Voya Investment Management LLC purchased a new position in Angel Oak Mortgage REIT in the 4th quarter worth approximately $112,000. Institutional investors own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR traded down $0.08 on Tuesday, reaching $9.76. 79,193 shares of the company's stock were exchanged, compared to its average volume of 217,512. The company has a fifty day moving average of $9.57 and a 200-day moving average of $9.34. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $10.88. The company has a market capitalization of $231.90 million, a price-to-earnings ratio of 6.34 and a beta of 1.38. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date was Friday, August 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 83.12%.

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.