Analysts Set Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Price Target at $11.60

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.60.

Several equities analysts have recently commented on the company. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group set a $10.50 target price on Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Jones Trading reiterated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Finally, B. Riley reiterated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th.

Insider Activity at Angel Oak Mortgage REIT

In related news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.75, for a total value of $5,801,250.00. Following the sale, the insider directly owned 4,134,210 shares in the company, valued at approximately $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently made changes to their positions in AOMR. Wolverine Asset Management LLC raised its position in Angel Oak Mortgage REIT by 160.3% during the second quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock valued at $2,112,000 after purchasing an additional 138,090 shares during the period. Alpine Global Management LLC purchased a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $956,000. Riverbridge Partners LLC purchased a new stake in Angel Oak Mortgage REIT during the second quarter valued at approximately $765,000. Goldman Sachs Group Inc. raised its position in Angel Oak Mortgage REIT by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after purchasing an additional 72,555 shares during the period. Finally, Ritholtz Wealth Management raised its position in Angel Oak Mortgage REIT by 162.4% during the first quarter. Ritholtz Wealth Management now owns 92,561 shares of the company’s stock valued at $882,000 after purchasing an additional 57,283 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock opened at $9.81 on Tuesday. The stock’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $9.35. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88. The company has a market capitalization of $233.09 million, a price-to-earnings ratio of 6.37 and a beta of 1.38. The company has a quick ratio of 17.69, a current ratio of 17.69 and a debt-to-equity ratio of 7.53.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Friday, August 22nd. Angel Oak Mortgage REIT’s payout ratio is currently 83.12%.

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.