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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.75.

AOMR has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of 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. B. Riley raised shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Monday, April 21st. Finally, Jones Trading reissued a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AOMR. Wells Fargo & Company MN increased its position 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 valued at $1,716,000 after acquiring an additional 70,990 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock valued at $375,000 after purchasing an additional 3,577 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company's stock valued at $284,000 after purchasing 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 valued at $165,000 after purchasing an additional 11,804 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of 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. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Down 0.6%

Shares of AOMR traded down $0.06 during trading hours on Wednesday, reaching $10.04. 28,932 shares of the stock traded hands, compared to its average volume of 127,367. The company has a market cap of $235.94 million, a price-to-earnings ratio of 3.42 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 52 week low of $7.36 and a 52 week high of $13.31. The stock has a fifty day simple moving average of $9.04 and a 200 day simple moving average of $9.49.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 12.75%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is currently 85.33%.

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.