Ameriprise Financial Inc. grew its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 161.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,223 shares of the company's stock after buying an additional 50,739 shares during the quarter. Ameriprise Financial Inc. owned 0.35% of Angel Oak Mortgage REIT worth $763,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Wolverine Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 8.3% during the fourth quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company's stock worth $593,000 after purchasing an additional 4,895 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Angel Oak Mortgage REIT by 100.2% during the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock worth $1,685,000 after purchasing an additional 90,844 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after purchasing an additional 3,577 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Angel Oak Mortgage REIT by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after purchasing an additional 1,730 shares in the last quarter. Finally, National Bank of Canada FI lifted its position 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 in the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
Angel Oak Mortgage REIT Stock Down 0.1%
Shares of NYSE:AOMR traded down $0.01 during midday trading on Wednesday, reaching $8.98. The company had a trading volume of 128,472 shares, compared to its average volume of 128,447. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The stock's fifty day moving average price is $9.00 and its 200-day moving average price is $9.50. The stock has a market capitalization of $211.03 million, a P/E ratio of 3.05 and a beta of 1.44. Angel Oak Mortgage REIT, Inc. has a one year low of $7.36 and a one year high of $13.32.
Angel Oak Mortgage REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 annualized dividend and a yield of 14.25%. Angel Oak Mortgage REIT's payout ratio is 85.33%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of 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. B. Riley reissued a "buy" rating and set a $13.00 target price (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. 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 restated a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.83.
Read Our Latest Research Report on AOMR
About Angel Oak Mortgage REIT
(
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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