Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.83.

Several research firms have commented on AOMR. Jones Trading reissued a "buy" rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. UBS Group set a $10.00 price target on shares of Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, B. Riley reaffirmed a "buy" rating and set a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

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

Angel Oak Mortgage REIT Price Performance

AOMR stock traded up $0.05 during mid-day trading on Thursday, hitting $9.37. The stock had a trading volume of 127,918 shares, compared to its average volume of 131,725. The company has a current ratio of 5.96, a quick ratio of 5.96 and a debt-to-equity ratio of 6.38. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $13.32. The firm has a market capitalization of $220.20 million, a P/E ratio of 6.25 and a beta of 1.40. The firm has a fifty day simple moving average of $9.32 and a 200 day simple moving average of $9.46.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 13.66%. The ex-dividend date was Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 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.