Alpine Global Management LLC Invests $956,000 in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Alpine Global Management LLC purchased a new position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,971 shares of the company's stock, valued at approximately $956,000. Alpine Global Management LLC owned approximately 0.44% of Angel Oak Mortgage REIT as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AOMR. Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $43,000. National Bank of Canada FI increased its holdings in Angel Oak Mortgage REIT by 140.0% in the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock valued at $56,000 after buying an additional 3,500 shares during the last quarter. Barclays PLC increased its holdings in Angel Oak Mortgage REIT by 294.4% in the third quarter. Barclays PLC now owns 15,813 shares of the company's stock valued at $165,000 after buying an additional 11,804 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Angel Oak Mortgage REIT by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock valued at $268,000 after buying an additional 1,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after buying an additional 3,577 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR traded down $0.07 during trading on Friday, reaching $8.45. The company's stock had a trading volume of 138,555 shares, compared to its average volume of 115,867. The business's fifty day moving average price is $9.09 and its 200-day moving average price is $9.50. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.36 and a twelve month high of $13.32. 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 firm has a market cap of $198.58 million, a price-to-earnings ratio of 2.87 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 15.15%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AOMR. Jones Trading cut their target price on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a "buy" rating and a $13.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.75.

About Angel Oak Mortgage REIT

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.