Jacobs Levy Equity Management Inc. lifted its stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,986 shares of the company's stock after acquiring an additional 29,695 shares during the period. Jacobs Levy Equity Management Inc. owned 0.74% of Angel Oak Mortgage REIT worth $1,624,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOMR. National Bank of Canada FI boosted its holdings in shares of Angel Oak Mortgage REIT by 140.0% during the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock worth $56,000 after purchasing an additional 3,500 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter worth approximately $76,000. Voya Investment Management LLC acquired a new position in Angel Oak Mortgage REIT during the fourth quarter worth approximately $112,000. Barclays PLC increased its position in Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company's stock worth $165,000 after purchasing an additional 11,804 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Angel Oak Mortgage REIT by 6.4% during the 4th 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 during the period. Hedge funds and other institutional investors own 80.15% of the company's stock.
Angel Oak Mortgage REIT Stock Down 0.6%
Shares of AOMR traded down $0.06 during midday trading on Tuesday, hitting $10.05. The company had a trading volume of 241,268 shares, compared to its average volume of 122,590. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock has a market cap of $236.18 million, a price-to-earnings ratio of 3.42 and a beta of 1.44. Angel Oak Mortgage REIT, Inc. has a 52 week low of $7.36 and a 52 week high of $13.32. The company's 50 day moving average price is $9.10 and its 200 day moving average price is $9.53.
Angel Oak Mortgage REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.74%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 85.33%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. B. Riley reiterated a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday. Wells Fargo & Company reduced their price target 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. UBS Group set a $10.00 target price on shares of Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, Jones Trading reaffirmed a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT presently has an average rating of "Moderate Buy" and a consensus target price of $11.83.
View Our Latest Research Report on AOMR
Angel Oak Mortgage REIT Company Profile
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Free Report)
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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