Jacobs Levy Equity Management Inc. Has $1.62 Million Stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Jacobs Levy Equity Management Inc. raised its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,986 shares of the company’s stock after acquiring an additional 29,695 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Angel Oak Mortgage REIT were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Angel Oak Mortgage REIT by 294.4% in the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after purchasing an additional 11,804 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after purchasing an additional 20,142 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Angel Oak Mortgage REIT by 8.3% in the fourth quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company’s stock valued at $593,000 after purchasing an additional 4,895 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Angel Oak Mortgage REIT by 100.2% in the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after purchasing an additional 90,844 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Angel Oak Mortgage REIT by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock valued at $375,000 after purchasing an additional 3,577 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AOMR has been the topic of a number of research reports. Jones Trading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. B. Riley reissued a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $12.20.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE AOMR opened at $10.06 on Friday. The stock has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.52. Angel Oak Mortgage REIT, Inc. has a 52 week low of $7.36 and a 52 week high of $13.32. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The stock has a market capitalization of $236.36 million, a PE ratio of 3.42 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.28 annualized dividend and a yield of 12.73%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 85.33%.

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.