Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.08.
AOMR has been the topic of several analyst reports. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a "buy" rating and a $13.00 target price on the stock. Jones Trading reaffirmed a "buy" rating and set a $12.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 4th. Wells Fargo & Company lowered their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a "hold" rating in a research report on Tuesday, January 7th.
View Our Latest Stock Analysis on AOMR
Angel Oak Mortgage REIT Stock Down 1.5 %
NYSE AOMR traded down $0.15 during trading hours on Tuesday, hitting $9.67. The company's stock had a trading volume of 165,612 shares, compared to its average volume of 106,662. The company has a market capitalization of $227.23 million, a PE ratio of 3.29 and a beta of 1.47. 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 52 week low of $8.88 and a 52 week high of $13.32. The company's 50-day simple moving average is $10.02 and its two-hundred day simple moving average is $9.87.
Angel Oak Mortgage REIT Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 13.24%. Angel Oak Mortgage REIT's payout ratio is currently 112.28%.
Institutional Trading of Angel Oak Mortgage REIT
Several hedge funds have recently added to or reduced their stakes in AOMR. National Bank of Canada FI purchased a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth approximately $26,000. Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT during the third quarter valued at $43,000. BNP Paribas Financial Markets purchased a new stake in Angel Oak Mortgage REIT in the fourth quarter worth $76,000. Voya Investment Management LLC bought a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at $112,000. Finally, Lazard Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after buying an additional 4,282 shares during the last quarter. Institutional investors own 80.15% of the company's stock.
About Angel Oak Mortgage REIT
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Get Free ReportAngel 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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