Vanguard Group Inc. raised its stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR – Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 864,368 shares of the company’s stock after buying an additional 12,208 shares during the period. Vanguard Group Inc. owned about 3.46% of Angel Oak Mortgage REIT worth $9,283,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AOMR. Tower Research Capital LLC TRC raised its stake in shares of Angel Oak Mortgage REIT by 54.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $35,000 after buying an additional 1,152 shares during the last quarter. Masters Capital Management LLC raised its stake in shares of Angel Oak Mortgage REIT by 15.9% during the 4th quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock valued at $12,183,000 after buying an additional 157,378 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Angel Oak Mortgage REIT during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on AOMR. UBS Group lifted their price target on Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. BTIG Research began coverage on Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price target for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.50.
Check Out Our Latest Report on AOMR
Angel Oak Mortgage REIT Price Performance
Shares of Angel Oak Mortgage REIT stock opened at $11.93 on Friday. The company has a quick ratio of 5.69, a current ratio of 5.69 and a debt-to-equity ratio of 4.35. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.60 and a twelve month high of $13.31. The firm has a market cap of $298.24 million, a PE ratio of 6.48 and a beta of 1.44. The business has a 50-day moving average price of $12.20 and a 200 day moving average price of $11.45.
Angel Oak Mortgage REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend is Thursday, August 22nd. Angel Oak Mortgage REIT’s payout ratio is 69.57%.
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.
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