Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Receives $11.60 Average PT from Analysts

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $11.60.

AOMR has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Zacks Research raised Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Jones Trading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. UBS Group set a $10.50 target price on Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a report on Thursday, July 10th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Insider Activity at Angel Oak Mortgage REIT

In related news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT stock in a transaction on 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 completion of the sale, the insider owned 4,134,210 shares of the company’s stock, valued at $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is owned by insiders.

Institutional Trading of Angel Oak Mortgage REIT

Several hedge funds have recently bought and sold shares of AOMR. Barclays PLC grew its holdings in Angel Oak Mortgage REIT by 19.8% during the fourth quarter. Barclays PLC now owns 18,945 shares of the company’s stock valued at $176,000 after purchasing an additional 3,132 shares during the period. Voya Investment Management LLC bought a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at about $112,000. Northern Trust Corp lifted its position in shares of Angel Oak Mortgage REIT by 19.7% in the fourth quarter. Northern Trust Corp now owns 134,391 shares of the company’s stock valued at $1,247,000 after acquiring an additional 22,141 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Angel Oak Mortgage REIT by 161.2% in the fourth quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company’s stock valued at $763,000 after acquiring an additional 50,739 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Angel Oak Mortgage REIT in the fourth quarter valued at about $76,000. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 0.6%

Angel Oak Mortgage REIT stock opened at $9.81 on Tuesday. The firm has a market cap of $233.09 million, a price-to-earnings ratio of 6.37 and a beta of 1.38. The stock has a fifty day simple moving average of $9.57 and a two-hundred day simple moving average of $9.35. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $10.88. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53.

Angel Oak Mortgage REIT Announces Dividend

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