Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Stock Has Consensus Price Target of $10.06 According to Brokerages

by · The Markets Daily

Angel Oak Mortgage REIT Inc. (NYSE:AOMR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.06.

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company decreased 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 note on Wednesday, August 5th. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. BTIG Research reduced their price objective on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Finally, JonesTrading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th.

View Our Latest Analysis on AOMR

Angel Oak Mortgage REIT Trading Down 0.5%

Shares of Angel Oak Mortgage REIT stock opened at $7.26 on Friday. The company has a market cap of $168.67 million, a price-to-earnings ratio of 9.69 and a beta of 1.28. Angel Oak Mortgage REIT has a 1 year low of $7.11 and a 1 year high of $9.60. The company’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $8.53. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 17.6%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 170.67%.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W. Minami purchased 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $8.10 per share, for a total transaction of $55,080.00. Following the transaction, the director directly owned 87,118 shares in the company, valued at approximately $705,655.80. The trade was a 8.47% increase in their ownership of the stock. The purchase 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 on Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total value of $515,450.00. Following the completion of the sale, the chief financial officer owned 107,815 shares of the company’s stock, valued at approximately $854,972.95. This trade represents a 37.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of AOMR. BlackRock Inc. bought a new position in shares of Angel Oak Mortgage REIT during the second quarter worth about $12,210,000. North Ground Capital bought a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $1,492,471. Jacobs Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 30.4% during the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock worth $3,082,000 after acquiring an additional 87,500 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth approximately $485,000. Finally, Odyssean LLC grew its stake in shares of Angel Oak Mortgage REIT by 317.6% during the 2nd quarter. Odyssean LLC now owns 41,791 shares of the company’s stock worth $379,000 after acquiring an additional 31,783 shares in the last quarter. 80.15% of the stock is owned by institutional investors.

About Angel Oak Mortgage REIT

(Get Free Report)

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.

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