Jones Trading Reaffirms "Buy" Rating for Angel Oak Mortgage REIT (NYSE:AOMR)

Jones Trading reaffirmed their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR - Free Report) in a research note published on Tuesday, March 4th,Benzinga reports. Jones Trading currently has a $12.50 price target on the stock.

Other analysts have also issued reports about the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a "hold" rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.08.

Angel Oak Mortgage REIT Price Performance

Angel Oak Mortgage REIT stock traded down $0.09 during midday trading on Tuesday, hitting $9.56. 244,290 shares of the company's stock were exchanged, compared to its average volume of 105,215. The company has a market cap of $224.65 million, a P/E ratio of 3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The stock has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.94. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.32.

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Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued 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 dividend yield of 13.40%. Angel Oak Mortgage REIT's payout ratio is 112.28%.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently modified their holdings of AOMR. Wolverine Asset Management LLC bought a new position in Angel Oak Mortgage REIT in the third quarter valued at about $616,000. JPMorgan Chase & Co. lifted its stake in shares of Angel Oak Mortgage REIT by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company's stock worth $284,000 after purchasing an additional 20,142 shares during the period. Barclays PLC boosted its holdings in shares of Angel Oak Mortgage REIT by 294.4% in the third quarter. Barclays PLC now owns 15,813 shares of the company's stock worth $165,000 after buying an additional 11,804 shares during the last quarter. State Street Corp grew its position in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company's stock valued at $3,484,000 after buying an additional 10,909 shares during the period. Finally, Jane Street Group LLC grew its position in Angel Oak Mortgage REIT by 256.2% during the third quarter. Jane Street Group LLC now owns 46,293 shares of the company's stock valued at $483,000 after buying an additional 33,297 shares during the period. Institutional investors 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.