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

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

Other analysts have also recently issued research reports about the stock. B. Riley raised shares of Angel Oak Mortgage REIT to a "hold" rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a "buy" rating and a $13.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has an average rating of "Moderate Buy" and an average price target of $12.10.

Angel Oak Mortgage REIT Trading Down 5.6 %

Angel Oak Mortgage REIT stock traded down $0.51 during mid-day trading on Tuesday, hitting $8.58. 18,233 shares of the stock were exchanged, compared to its average volume of 109,682. The firm's fifty day simple moving average is $9.95 and its two-hundred day simple moving average is $9.79. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 12 month low of $8.56 and a 12 month high of $13.32. The stock has a market capitalization of $201.63 million, a price-to-earnings ratio of 2.91 and a beta of 1.47.

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Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.92%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 112.28%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Angel Oak Mortgage REIT by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after acquiring an additional 1,730 shares during the period. Public Employees Retirement System of Ohio boosted its position in Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock worth $60,000 after purchasing an additional 2,300 shares during the period. National Bank of Canada FI bought a new position in Angel Oak Mortgage REIT during the third quarter worth about $26,000. Barclays PLC increased its stake in shares of Angel Oak Mortgage REIT by 19.8% in the fourth quarter. Barclays PLC now owns 18,945 shares of the company's stock worth $176,000 after purchasing an additional 3,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock valued at $375,000 after buying an additional 3,577 shares in the last quarter. Hedge funds and other 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.