Millennium Management LLC raised its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,221 shares of the company's stock after buying an additional 34,977 shares during the quarter. Millennium Management LLC owned about 0.43% of Angel Oak Mortgage REIT worth $949,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of AOMR. Lazard Asset Management LLC raised its position in shares of Angel Oak Mortgage REIT by 40.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock worth $137,000 after purchasing an additional 4,282 shares during the period. Jacobs Asset Management LLC increased its holdings in Angel Oak Mortgage REIT by 265.5% in the 4th quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company's stock worth $3,170,000 after purchasing an additional 248,131 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Angel Oak Mortgage REIT by 20.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 174,986 shares of the company's stock worth $1,624,000 after purchasing an additional 29,695 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Angel Oak Mortgage REIT by 35.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 59,630 shares of the company's stock worth $553,000 after purchasing an additional 15,661 shares in the last quarter. Finally, CF Capital LLC acquired a new position in Angel Oak Mortgage REIT in the 4th quarter worth about $1,095,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.
Angel Oak Mortgage REIT Trading Up 1.0%
NYSE:AOMR traded up $0.09 during mid-day trading on Friday, reaching $9.16. 99,236 shares of the company's stock traded hands, compared to its average volume of 129,172. Angel Oak Mortgage REIT, Inc. has a 12-month low of $7.36 and a 12-month high of $13.32. The firm has a market capitalization of $215.26 million, a price-to-earnings ratio of 3.12 and a beta of 1.39. 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 company has a 50 day moving average price of $8.98 and a 200-day moving average price of $9.49.
Angel Oak Mortgage REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.97%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 85.33%.
Wall Street Analyst Weigh In
AOMR has been the topic of several research analyst reports. Jones Trading restated a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. B. Riley restated a "buy" rating and set a $13.00 target price (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Wells Fargo & Company cut their target price 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. Finally, UBS Group set a $10.00 target price on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.83.
Get Our Latest Stock Analysis on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Profile
(
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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