Key Points
- Angel Oak Mortgage REIT CFO Brandon Filson sold 65,000 shares at an average price of $7.93, generating $515,450. After the sale, he owned 107,815 shares, a 37.61% reduction in his position.
- The stock opened at $7.59 and trades near the lower end of its 52-week range of $7.53 to $9.63. The company pays a quarterly dividend of $0.32, equivalent to a 16.9% annualized yield, though its 170.67% payout ratio exceeds earnings.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $10.06, while institutional investors own 80.15% of the shares.
Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) CFO Brandon Filson sold 65,000 shares of Angel Oak Mortgage REIT stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total transaction of $515,450.00. Following the completion of the sale, the chief financial officer directly owned 107,815 shares in the company, valued at $854,972.95. This represents a 37.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Angel Oak Mortgage REIT Price Performance
Shares of NYSE AOMR opened at $7.59 on Thursday. 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 firm has a fifty day moving average of $8.57 and a 200 day moving average of $8.58. The firm has a market cap of $176.36 million, a PE ratio of 10.13 and a beta of 1.26. Angel Oak Mortgage REIT Inc. has a one year low of $7.53 and a one year high of $9.63.
Angel Oak Mortgage REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were given a $0.32 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 16.9%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 170.67%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. JonesTrading restated a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 4th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. BTIG Research cut their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, June 17th. Wells Fargo & Company reduced their target price on 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, Weiss Ratings upgraded Angel Oak Mortgage REIT from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.06.
View Our Latest Analysis on AOMR
Institutional Investors Weigh In On Angel Oak Mortgage REIT
A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Angel Oak Mortgage REIT during the second quarter worth about $12,210,000. Jacobs Asset Management LLC raised its holdings in Angel Oak Mortgage REIT by 30.4% in the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company's stock valued at $3,082,000 after acquiring an additional 87,500 shares during the last quarter. Riverbridge Partners LLC raised its holdings in Angel Oak Mortgage REIT by 8.0% in the 1st quarter. Riverbridge Partners LLC now owns 197,392 shares of the company's stock valued at $1,623,000 after acquiring an additional 14,622 shares during the last quarter. North Ground Capital purchased a new position in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $1,492,471. Finally, Bank of New York Mellon Corp purchased a new position in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $485,000. Hedge funds and other institutional investors own 80.15% of the company's stock.
Angel Oak Mortgage REIT Company Profile
(
Get Free Report)
Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.
Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.
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