Angel Oak Mortgage REIT (NYSE:AOMR) CFO Sells $489,000.00 in Stock

Key Points

• CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT at an average price of $9.78, totaling approximately $489,000, which reduced his ownership by 41.50% to 70,488 shares.
• The company declared a quarterly dividend of $0.32 per share, reflecting an annualized yield of 13.1%, with a dividend payout ratio of 83.12%.
• Analysts have assigned a consensus rating of "Moderate Buy" to Angel Oak Mortgage REIT with an average price target of $11.60, following recent adjustments in ratings by various research firms.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) CFO Brandon Filson sold 50,000 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the completion of the transaction, the chief financial officer owned 70,488 shares of the company's stock, valued at $689,372.64. The trade was a 41.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Angel Oak Mortgage REIT Stock Up 0.7%

Shares of NYSE AOMR traded up $0.07 on Friday, hitting $9.80. The company had a trading volume of 279,650 shares, compared to its average volume of 157,401. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.36 and a 12-month high of $10.88. The business has a 50 day moving average of $9.59 and a two-hundred day moving average of $9.34. The company has a quick ratio of 17.69, a current ratio of 17.69 and a debt-to-equity ratio of 7.53. The firm has a market capitalization of $232.85 million, a P/E ratio of 6.36 and a beta of 1.38.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.1%. Angel Oak Mortgage REIT's dividend payout ratio is presently 83.12%.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently added to or reduced their stakes in the business. Amundi increased its position in Angel Oak Mortgage REIT by 3.1% in the 1st quarter. Amundi now owns 423,180 shares of the company's stock valued at $3,847,000 after acquiring an additional 12,848 shares during the period. Geode Capital Management LLC increased its position in shares of Angel Oak Mortgage REIT by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 321,084 shares of the company's stock valued at $3,025,000 after purchasing an additional 5,312 shares during the period. Bank of New York Mellon Corp increased its position in shares of Angel Oak Mortgage REIT by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company's stock valued at $2,240,000 after purchasing an additional 53,463 shares during the period. Wolverine Asset Management LLC increased its position in shares of Angel Oak Mortgage REIT by 160.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company's stock valued at $2,112,000 after purchasing an additional 138,090 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Angel Oak Mortgage REIT by 9.8% during the 2nd quarter. Marshall Wace LLP now owns 196,082 shares of the company's stock valued at $1,847,000 after purchasing an additional 17,579 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AOMR. Jones Trading reaffirmed a "buy" rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Thursday, July 10th. Zacks Research raised Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of "Moderate Buy" and an average price target of $11.60.

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.