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

Jones Trading reiterated their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR - Free Report) in a report issued on Tuesday,Benzinga reports. The brokerage currently has a $12.50 price target on the stock.

AOMR has been the topic of a number of other research reports. Wells Fargo & Company cut their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. 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 objective on the stock. Finally, B. Riley upgraded Angel Oak Mortgage REIT to a "hold" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.10.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR traded down $0.69 during mid-day trading on Tuesday, hitting $8.40. 217,118 shares of the stock were exchanged, compared to its average volume of 110,964. Angel Oak Mortgage REIT has a 52-week low of $8.30 and a 52-week high of $13.32. 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 firm has a 50-day moving average of $9.92 and a two-hundred day moving average of $9.77. The company has a market cap of $197.40 million, a PE ratio of 2.86 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 15.24%. Angel Oak Mortgage REIT's dividend payout ratio is currently 112.28%.

Institutional Trading of Angel Oak Mortgage REIT

Large investors have recently modified their holdings of the company. National Bank of Canada FI bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT during the 3rd quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in Angel Oak Mortgage REIT during the 4th quarter valued at about $76,000. Voya Investment Management LLC bought a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at about $112,000. Finally, Lazard Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock worth $137,000 after purchasing an additional 4,282 shares during the period. Hedge funds and other institutional investors own 80.15% of the company's stock.

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.