Wells Fargo & Company Issues Pessimistic Forecast for Angel Oak Mortgage REIT (NYSE:AOMR) Stock Price

Angel Oak Mortgage REIT (NYSE:AOMR) had its price objective lowered by Wells Fargo & Company from $13.00 to $12.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Separately, BTIG Research began coverage on Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

Angel Oak Mortgage REIT Trading Up 2.8 %

Shares of AOMR opened at $9.81 on Thursday. The stock’s 50-day moving average price is $10.05 and its 200 day moving average price is $11.30. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36. Angel Oak Mortgage REIT has a 12-month low of $8.88 and a 12-month high of $13.31. The firm has a market capitalization of $228.77 million, a price-to-earnings ratio of 3.34 and a beta of 1.43.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 13.05%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 43.54%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, CFO Brandon Filson sold 22,894 shares of Angel Oak Mortgage REIT stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the transaction, the chief financial officer now directly owns 75,818 shares of the company’s stock, valued at approximately $835,514.36. This trade represents a 0.00 % 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 link. In related news, CFO Brandon Filson sold 22,894 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares in the company, valued at $835,514.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Morgan sold 4,377 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total transaction of $53,268.09. Following the completion of the transaction, the director now owns 33,059 shares in the company, valued at approximately $402,328.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,571 shares of company stock worth $403,502 over the last three months. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new stake in shares of Angel Oak Mortgage REIT during the second quarter worth $35,000. Allspring Global Investments Holdings LLC bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $40,000. Renaissance Technologies LLC increased its position in Angel Oak Mortgage REIT by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after acquiring an additional 4,400 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after acquiring an additional 10,171 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 332.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after purchasing an additional 44,256 shares in the last quarter. 80.15% of the stock is 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.