Angel Oak Mortgage REIT (NYSE:AOMR) Director W Minami Buys 6,800 Shares of Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Director W Minami acquired 6,800 shares of Angel Oak Mortgage REIT stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $8.10 per share, with a total value of $55,080.00. Following the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Angel Oak Mortgage REIT Stock Down 1.9%

Shares of AOMR opened at $8.11 on Friday. Angel Oak Mortgage REIT Inc. has a 52 week low of $7.95 and a 52 week high of $9.88. The company has a quick ratio of 7.16, a current ratio of 7.16 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $188.24 million, a price-to-earnings ratio of 10.81 and a beta of 1.26. The stock’s 50-day moving average price is $8.75 and its 200-day moving average price is $8.61.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.8%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 170.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Angel Oak Mortgage REIT in the 2nd quarter valued at $12,210,000. Jacobs Asset Management LLC increased its holdings in shares of Angel Oak Mortgage REIT by 43.8% in the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock valued at $2,475,000 after acquiring an additional 87,500 shares during the last quarter. North Ground Capital acquired a new stake in shares of Angel Oak Mortgage REIT during the 2nd quarter worth about $1,492,471. Odyssean LLC boosted its holdings in Angel Oak Mortgage REIT by 317.6% in the second quarter. Odyssean LLC now owns 41,791 shares of the company’s stock valued at $379,000 after purchasing an additional 31,783 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Angel Oak Mortgage REIT in the second quarter valued at approximately $141,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Analyst Upgrades and Downgrades

AOMR has been the subject of several analyst reports. 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. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. JonesTrading reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 4th. Wells Fargo & Company decreased their price objective on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, BTIG Research dropped their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.