Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has received a consensus recommendation of "Moderate Buy" from analysts, with an average 12-month price target of $11.60.
• In recent insider trading, CFO Brandon Filson sold 50,000 shares at an average price of $9.78, indicating a 41.50% decrease in his ownership of the stock.
• The company recently declared a quarterly dividend of $0.32 per share, resulting in an annualized yield of 13.5%.

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.60.

A number of brokerages have commented on AOMR. Jones Trading reiterated a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Angel Oak Mortgage REIT in a report on Saturday, September 27th. Zacks Research upgraded Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a report on Thursday, July 10th.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other news, CFO Brandon Filson sold 50,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total transaction of $489,000.00. Following the sale, the chief financial officer owned 70,488 shares in the company, valued at $689,372.64. This trade represents a 41.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $9.75, for a total value of $5,801,250.00. Following the sale, the insider owned 4,134,210 shares in the company, valued at $40,308,547.50. This trade represents a 12.58% decrease in their position. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AOMR. Wolverine Asset Management LLC raised its position in shares of Angel Oak Mortgage REIT by 160.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company's stock worth $2,112,000 after buying an additional 138,090 shares during the period. Riverbridge Partners LLC purchased a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter worth $765,000. Goldman Sachs Group Inc. raised its position in shares of Angel Oak Mortgage REIT by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company's stock worth $1,519,000 after buying an additional 72,555 shares during the period. Ritholtz Wealth Management raised its position in shares of Angel Oak Mortgage REIT by 162.4% in the 1st quarter. Ritholtz Wealth Management now owns 92,561 shares of the company's stock worth $882,000 after buying an additional 57,283 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 53,463 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $9.49 on Friday. The business's fifty day moving average price is $9.58 and its two-hundred day moving average price is $9.33. The stock has a market cap of $225.55 million, a PE ratio of 6.16 and a beta of 1.36. The company has a debt-to-equity ratio of 7.53, a quick ratio of 17.69 and a current ratio of 17.69. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $10.88.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.5%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 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.

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