Analysts Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Price Target at $11.83

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.83.

AOMR has been the subject of a number of analyst reports. B. Riley reaffirmed a "buy" rating and set a $13.00 price objective (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Jones Trading reiterated a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Finally, UBS Group set a $10.00 price objective on shares of Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a report on Wednesday, May 14th.

Angel Oak Mortgage REIT Stock Down 0.8%

Shares of AOMR stock traded down $0.08 during midday trading on Friday, reaching $8.92. 15,731 shares of the stock were exchanged, compared to its average volume of 128,017. 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 1 year low of $7.36 and a 1 year high of $13.32. The firm has a market cap of $209.50 million, a PE ratio of 3.03 and a beta of 1.44. The company's 50 day moving average is $9.00 and its two-hundred day moving average is $9.50.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 14.36%. Angel Oak Mortgage REIT's dividend payout ratio is presently 85.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Angel Oak Mortgage REIT during the 1st quarter valued at about $25,000. National Bank of Canada FI boosted its stake in shares of Angel Oak Mortgage REIT by 140.0% during the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock worth $56,000 after acquiring an additional 3,500 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Angel Oak Mortgage REIT by 55.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after acquiring an additional 2,300 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter valued at $76,000. Finally, M&T Bank Corp bought a new position in Angel Oak Mortgage REIT in the 1st quarter worth $110,000. 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.