Key Points
- Director W. Minami purchased 6,800 AOMR shares at an average price of $8.10, investing $55,080 and increasing their holdings by 8.47% to 87,118 shares.
- Angel Oak Mortgage REIT shares opened at $8.11 after declining 1.9%; the stock has traded between $7.95 and $9.88 over the past year. Institutional investors own approximately 80.15% of the company.
- The company pays a quarterly dividend of $0.32 per share, equivalent to a 15.8% annualized yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $10.06.
Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) Director W Minami bought 6,800 shares of the stock in a transaction dated Thursday, September 10th. The shares were acquired at an average price of $8.10 per share, for a total transaction of $55,080.00. Following the completion of the transaction, the director owned 87,118 shares of the company's stock, valued at approximately $705,655.80. The trade was a 8.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Angel Oak Mortgage REIT Trading Down 1.9%
Shares of Angel Oak Mortgage REIT stock opened at $8.11 on Friday. The company's fifty day moving average is $8.75 and its two-hundred day moving average is $8.61. Angel Oak Mortgage REIT Inc. has a 1 year low of $7.95 and a 1 year high of $9.88. The company has a debt-to-equity ratio of 8.76, a quick ratio of 7.16 and a current ratio of 7.16. The company has a market capitalization of $188.24 million, a P/E ratio of 10.81 and a beta of 1.26.
Angel Oak Mortgage REIT Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.8%. The ex-dividend date of this dividend was Friday, August 21st. Angel Oak Mortgage REIT's dividend payout ratio is currently 170.67%.
Institutional Trading of Angel Oak Mortgage REIT
A number of institutional investors have recently bought and sold shares of AOMR. Lazard Asset Management LLC lifted its stake in Angel Oak Mortgage REIT by 8.4% in the 3rd quarter. Lazard Asset Management LLC now owns 19,503 shares of the company's stock valued at $183,000 after buying an additional 1,509 shares in the last quarter. State Street Corp lifted its position in shares of Angel Oak Mortgage REIT by 0.4% in the fourth quarter. State Street Corp now owns 419,396 shares of the company's stock valued at $3,611,000 after acquiring an additional 1,716 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Angel Oak Mortgage REIT by 6.6% during the first quarter. Renaissance Technologies LLC now owns 31,223 shares of the company's stock valued at $257,000 after acquiring an additional 1,923 shares during the last quarter. Royal Bank of Canada raised its stake in Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company's stock valued at $33,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Angel Oak Mortgage REIT by 23.1% in the 1st quarter. Bank of America Corp DE now owns 11,490 shares of the company's stock valued at $94,000 after purchasing an additional 2,155 shares in the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AOMR has been the topic of a number of recent analyst reports. BTIG Research dropped their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, June 17th. 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. Weiss Ratings raised shares of Angel Oak Mortgage REIT from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Wells Fargo & Company cut their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Finally, JonesTrading reiterated a "buy" rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.06.
Check Out Our Latest Research Report on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Company Profile
(
Get Free Report)
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.
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