Angel Oak Mortgage REIT’s (AOMR) “Buy” Rating Reaffirmed at Jones Trading

Jones Trading reissued their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research note published on Tuesday morning,Benzinga reports. They currently have a $12.50 target price on the stock.

A number of other analysts have also weighed in on the stock. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Janney Montgomery Scott assumed 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.08.

Angel Oak Mortgage REIT Trading Down 2.6 %

AOMR opened at $9.57 on Tuesday. The stock has a market capitalization of $225.02 million, a price-to-earnings ratio of 3.26 and a beta of 1.47. 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 twelve month low of $8.88 and a twelve month high of $13.32. The company has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $10.00.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 13.37%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 112.28%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new stake in Angel Oak Mortgage REIT during the 3rd quarter valued at about $26,000. Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Angel Oak Mortgage REIT during the fourth quarter valued at approximately $76,000. Voya Investment Management LLC bought a new position in shares of Angel Oak Mortgage REIT in the fourth quarter worth approximately $112,000. Finally, Lazard Asset Management LLC increased its stake in shares of Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after buying an additional 4,282 shares during the period. 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.