Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Bought by Jacobs Asset Management LLC

Jacobs Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 265.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 341,591 shares of the company’s stock after buying an additional 248,131 shares during the period. Angel Oak Mortgage REIT makes up about 1.9% of Jacobs Asset Management LLC’s holdings, making the stock its 20th biggest holding. Jacobs Asset Management LLC’s holdings in Angel Oak Mortgage REIT were worth $3,170,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in Angel Oak Mortgage REIT by 20.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 174,986 shares of the company’s stock valued at $1,624,000 after buying an additional 29,695 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Angel Oak Mortgage REIT by 35.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 59,630 shares of the company’s stock worth $553,000 after acquiring an additional 15,661 shares in the last quarter. CF Capital LLC purchased a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at $1,095,000. BNP Paribas Financial Markets acquired a new position in shares of Angel Oak Mortgage REIT during the 4th quarter valued at $76,000. Finally, Ameriprise Financial Inc. boosted its position in Angel Oak Mortgage REIT by 161.2% during the 4th quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company’s stock worth $763,000 after purchasing an additional 50,739 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Trading Up 1.7 %

Shares of AOMR opened at $10.10 on Friday. Angel Oak Mortgage REIT, Inc. has a one year low of $7.36 and a one year high of $13.32. The stock has a 50-day moving average price of $9.04 and a 200 day moving average price of $9.49. 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 company has a market capitalization of $237.35 million, a P/E ratio of 3.44 and a beta of 1.44.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 12.67%. The ex-dividend date is Thursday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 85.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AOMR shares. Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. B. Riley upgraded Angel Oak Mortgage REIT from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, April 21st. Finally, 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Angel Oak Mortgage REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.75.

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.