Two Sigma Investments LP Reduces Stock Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Two Sigma Investments LP cut its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,094 shares of the company's stock after selling 44,013 shares during the quarter. Two Sigma Investments LP owned about 0.28% of Angel Oak Mortgage REIT worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI increased its holdings in Angel Oak Mortgage REIT by 140.0% during the 4th 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. BNP Paribas Financial Markets purchased a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at approximately $76,000. Voya Investment Management LLC purchased a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at approximately $112,000. Lazard Asset Management LLC grew its holdings in 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 buying an additional 4,282 shares in the last quarter. Finally, Barclays PLC raised its position in Angel Oak Mortgage REIT by 19.8% in the 4th quarter. Barclays PLC now owns 18,945 shares of the company's stock valued at $176,000 after buying an additional 3,132 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR traded up $0.08 during mid-day trading on Thursday, reaching $9.30. The company had a trading volume of 55,479 shares, compared to its average volume of 129,508. Angel Oak Mortgage REIT, Inc. has a one year low of $7.36 and a one year high of $13.32. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The company's 50-day moving average price is $8.99 and its 200-day moving average price is $9.49. The firm has a market cap of $218.55 million, a price-to-earnings ratio of 3.16 and a beta of 1.39.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.76%. Angel Oak Mortgage REIT's payout ratio is 85.33%.

Wall Street Analyst Weigh In

AOMR has been the topic of a number of analyst reports. Jones Trading reaffirmed a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. 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 note on Wednesday, March 5th. B. Riley reaffirmed a "buy" rating and issued a $13.00 target price (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Finally, UBS Group set a $10.00 price target on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has an average rating of "Moderate Buy" and a consensus target price of $11.83.

Angel Oak Mortgage REIT Company Profile

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.