Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.20 Consensus Target Price from Analysts

Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.20.

A number of equities research analysts have commented on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a "hold" rating in a research note on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th.

Institutional Trading of Angel Oak Mortgage REIT

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new stake in shares of Angel Oak Mortgage REIT during the third quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in Angel Oak Mortgage REIT in the third quarter worth about $40,000. Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT in the third quarter worth about $43,000. BNP Paribas Financial Markets purchased a new stake in Angel Oak Mortgage REIT in the fourth quarter worth about $76,000. Finally, Voya Investment Management LLC purchased a new stake in Angel Oak Mortgage REIT in the fourth quarter worth about $112,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE AOMR traded down $0.40 during trading on Friday, reaching $9.74. 487,484 shares of the company traded hands, compared to its average volume of 119,226. The firm has a 50 day simple moving average of $9.89 and a 200-day simple moving average of $10.16. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $228.87 million, a PE ratio of 3.31 and a beta of 1.48. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.15%. The ex-dividend date is Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio is currently 43.54%.

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.