Ritholtz Wealth Management raised its holdings in Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 162.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,561 shares of the company's stock after acquiring an additional 57,283 shares during the quarter. Ritholtz Wealth Management owned 0.39% of Angel Oak Mortgage REIT worth $882,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Angel Oak Mortgage REIT by 140.0% in the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock valued at $56,000 after acquiring an additional 3,500 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Angel Oak Mortgage REIT by 55.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after purchasing an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at $76,000. Voya Investment Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at $112,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after purchasing an additional 4,282 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AOMR shares. 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. Wells Fargo & Company cut their price objective on 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. B. Riley reaffirmed a "buy" rating and set a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. Finally, Jones Trading reaffirmed a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of "Moderate Buy" and an average price target of $11.83.
View Our Latest Analysis on AOMR
Angel Oak Mortgage REIT Stock Down 0.5%
AOMR opened at $9.17 on Wednesday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 5.96 and a current ratio of 5.96. The firm has a market cap of $215.50 million, a price-to-earnings ratio of 6.11 and a beta of 1.39. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.36 and a twelve month high of $13.32. The firm's 50-day simple moving average is $9.10 and its 200-day simple moving average is $9.47.
Angel Oak Mortgage REIT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were given a $0.32 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.96%. Angel Oak Mortgage REIT's dividend payout ratio is currently 85.33%.
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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