Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.60.

Several research analysts have commented on the company. Zacks Research raised Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Thursday, July 10th. Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Saturday, September 27th. Finally, Jones Trading reaffirmed a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th.

Angel Oak Mortgage REIT Trading Up 0.5%

NYSE:AOMR opened at $9.49 on Friday. The business’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.33. The company has a debt-to-equity ratio of 7.53, a current ratio of 17.69 and a quick ratio of 17.69. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $10.88. The firm has a market capitalization of $225.55 million, a PE ratio of 6.16 and a beta of 1.36.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend was Friday, August 22nd. Angel Oak Mortgage REIT’s payout ratio is presently 83.12%.

Insider Transactions at Angel Oak Mortgage REIT

In other news, CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total transaction of $489,000.00. Following the sale, the chief financial officer directly owned 70,488 shares of the company’s stock, valued at approximately $689,372.64. The trade was a 41.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT 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 disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Angel Oak Mortgage REIT by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after purchasing an additional 72,555 shares in the last quarter. M&T Bank Corp acquired a new position in Angel Oak Mortgage REIT in the first quarter worth about $110,000. Bank of New York Mellon Corp grew its stake in Angel Oak Mortgage REIT by 29.4% in the first quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company’s stock worth $2,240,000 after purchasing an additional 53,463 shares in the last quarter. North Ground Capital grew its stake in Angel Oak Mortgage REIT by 42.5% in the first quarter. North Ground Capital now owns 168,128 shares of the company’s stock worth $1,589,000 after purchasing an additional 50,157 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Angel Oak Mortgage REIT by 52.0% in the fourth quarter. Millennium Management LLC now owns 102,221 shares of the company’s stock worth $949,000 after purchasing an additional 34,977 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.