Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Receives $12.20 Consensus PT from Analysts

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.20.

Several equities research analysts have weighed in on AOMR shares. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target for the company. Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE AOMR opened at $9.74 on Friday. 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 company has a market cap of $228.87 million, a PE ratio of 3.31 and a beta of 1.48. The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $10.11. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.15%. The ex-dividend date is Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AOMR. 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 purchased a new position in Angel Oak Mortgage REIT during the third quarter valued at approximately $40,000. Public Employees Retirement System of Ohio purchased a new position in Angel Oak Mortgage REIT during the third quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $76,000. Finally, Voya Investment Management LLC purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $112,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

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.