Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Stock Has Consensus Price Target of $9.81 According to Analysts

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.81.

A number of research firms have commented on AOMR. Wells Fargo & Company dropped their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. BTIG Research decreased their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. JonesTrading reiterated a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR opened at $7.08 on Tuesday. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $8.44. The firm has a market capitalization of $164.28 million, a PE ratio of 9.43 and a beta of 1.28. The company has a quick ratio of 7.16, a current ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT has a 52-week low of $6.96 and a 52-week high of $9.48.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 18.1%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 170.67%.

Insider Activity

In other news, Director W D. Minami acquired 6,800 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $8.10 per share, for a total transaction of $55,080.00. Following the completion of the acquisition, the director directly owned 87,118 shares in the company, valued at $705,655.80. This represents a 8.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brandon Filson sold 65,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total value of $515,450.00. Following the transaction, the chief financial officer directly owned 107,815 shares of the company’s stock, valued at $854,972.95. This represents a 37.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of institutional investors and hedge funds have recently bought and sold shares of AOMR. Royal Bank of Canada grew its position in Angel Oak Mortgage REIT by 94.0% in the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock worth $33,000 after buying an additional 1,968 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $58,000. Bank of America Corp DE raised its stake in Angel Oak Mortgage REIT by 23.1% during the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock valued at $94,000 after purchasing an additional 2,155 shares during the period. Deutsche Bank AG acquired a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at $141,000. Finally, State of Wyoming purchased a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at $213,000. 80.15% of the stock is owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE:AOMR) is a mortgage real estate investment trust focused on investing in residential mortgage assets. The company primarily targets newly originated, performing residential mortgage loans, including non-qualified mortgage loans made to borrowers who may not meet the underwriting criteria for conventional agency mortgages.

Angel Oak Mortgage REIT’s portfolio may include whole residential mortgage loans, mortgage-backed securities and other residential credit investments.