UBS Group Raises Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $10.50

Angel Oak Mortgage REIT (NYSE:AOMR - Free Report) had its price target increased by UBS Group from $10.00 to $10.50 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. 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. B. Riley reissued a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Angel Oak Mortgage REIT presently has an average rating of "Moderate Buy" and an average target price of $11.92.

Angel Oak Mortgage REIT Trading Down 0.0%

Shares of Angel Oak Mortgage REIT stock traded down $0.00 during trading hours on Thursday, reaching $9.66. 14,982 shares of the company's stock were exchanged, compared to its average volume of 127,573. The company has a fifty day moving average of $9.46 and a 200-day moving average of $9.47. 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 $12.94. The firm has a market capitalization of $226.99 million, a price-to-earnings ratio of 6.44 and a beta of 1.38.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced 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. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.25%. Angel Oak Mortgage REIT's payout ratio is currently 85.33%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds have recently modified their holdings of AOMR. Bank of New York Mellon Corp raised its holdings in shares of Angel Oak Mortgage REIT by 100.2% during the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock valued at $1,685,000 after buying an additional 90,844 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after purchasing an additional 3,577 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Angel Oak Mortgage REIT by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after purchasing an additional 1,730 shares during the last quarter. National Bank of Canada FI increased its holdings in 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 purchasing an additional 3,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 8,316 shares during the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

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.