B. Riley reiterated their neutral rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR – Free Report) in a research note released on Tuesday, Benzinga reports. B. Riley currently has a $12.00 price objective on the stock.
A number of other brokerages have also commented on AOMR. Oppenheimer restated a market perform rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, March 6th. Wells Fargo & Company raised their price objective on Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Thursday, March 7th.
View Our Latest Stock Report on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Trading Down 0.5 %
NYSE:AOMR opened at $10.85 on Tuesday. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 4.57. Angel Oak Mortgage REIT has a 1-year low of $7.02 and a 1-year high of $11.60. The firm has a market capitalization of $270.92 million, a price-to-earnings ratio of 8.04 and a beta of 1.40. The stock has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $9.92.
Angel Oak Mortgage REIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 11.80%. Angel Oak Mortgage REIT’s payout ratio is presently 94.81%.
Institutional Investors Weigh In On Angel Oak Mortgage REIT
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Angel Oak Mortgage REIT by 54.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $35,000 after buying an additional 1,152 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at about $29,000. Gladius Capital Management LP acquired a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at about $32,000. American International Group Inc. lifted its holdings in shares of Angel Oak Mortgage REIT by 23.3% during the 1st quarter. American International Group Inc. now owns 4,761 shares of the company’s stock valued at $78,000 after buying an additional 900 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Angel Oak Mortgage REIT by 88.5% during the 1st quarter. Barclays PLC now owns 6,038 shares of the company’s stock valued at $44,000 after buying an additional 2,834 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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