Angel Oak Mortgage REIT (NYSE:AOMR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Angel Oak Mortgage REIT has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more favorable outlook from analysts.
• UBS Group set a price target of $10.50 on the stock, while B. Riley recently increased their price objective to $13.00, reflecting differing expectations from analysts.
• As of the latest data, the stock has a consensus rating of "Moderate Buy" with a target price of $11.60, suggesting positive investor sentiment.

Wall Street Zen upgraded shares of Angel Oak Mortgage REIT (NYSE:AOMR - Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Other equities analysts have also issued research reports about the company. UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research note on Thursday, July 10th. 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. Finally, Jones Trading reaffirmed 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Angel Oak Mortgage REIT has a consensus rating of "Moderate Buy" and a consensus price target of $11.60.

Angel Oak Mortgage REIT Stock Down 0.4%

Shares of Angel Oak Mortgage REIT stock traded down $0.04 during trading on Friday, hitting $9.09. 129,901 shares of the stock traded hands, compared to its average volume of 121,901. The firm has a market cap of $216.10 million, a P/E ratio of 5.90 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 has a 52-week low of $7.36 and a 52-week high of $12.25. The stock's fifty day simple moving average is $9.32 and its 200 day simple moving average is $9.43.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Friday, August 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is currently 83.12%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after acquiring an additional 1,730 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Angel Oak Mortgage REIT by 55.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock worth $60,000 after acquiring an additional 2,300 shares in the last quarter. Strs Ohio acquired a new stake in Angel Oak Mortgage REIT in the first quarter worth about $25,000. Barclays PLC boosted its holdings in Angel Oak Mortgage REIT by 19.8% in the fourth quarter. Barclays PLC now owns 18,945 shares of the company's stock worth $176,000 after acquiring an additional 3,132 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Angel Oak Mortgage REIT by 140.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 80.15% of the company's stock.

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.