Angel Oak Mortgage REIT (NYSE:AOMR) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

Angel Oak Mortgage REIT (NYSE:AOMR - Free Report) had its price target reduced by Wells Fargo & Company from $12.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in 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 initiated coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a "buy" rating and a $13.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.08.

Angel Oak Mortgage REIT Stock Up 1.6 %

Shares of AOMR stock traded up $0.15 during mid-day trading on Wednesday, hitting $9.73. 88,343 shares of the stock traded hands, compared to its average volume of 104,573. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.32. The stock has a market cap of $228.76 million, a P/E ratio of 3.31 and a beta of 1.47. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The stock's fifty day moving average is $9.99 and its two-hundred day moving average is $9.97.

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Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.16%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio is currently 112.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Angel Oak Mortgage REIT during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth approximately $40,000. Public Employees Retirement System of Ohio purchased a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at $76,000. Finally, Voya Investment Management LLC purchased a new stake in Angel Oak Mortgage REIT during the fourth quarter worth $112,000. 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.