Bank of America Corp DE Sells 845,440 Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR)

Bank of America Corp DE cut its holdings in Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,215 shares of the company's stock after selling 845,440 shares during the quarter. Bank of America Corp DE owned 0.05% of Angel Oak Mortgage REIT worth $113,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC raised its holdings in Angel Oak Mortgage REIT by 8.3% in the fourth quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company's stock valued at $593,000 after buying an additional 4,895 shares during the period. 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 during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Angel Oak Mortgage REIT by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after acquiring an additional 3,577 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 6.4% in 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 during the period. Finally, National Bank of Canada FI grew its position in shares of 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 valued at $56,000 after buying an additional 3,500 shares during the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock remained flat at $9.07 during trading on Friday. 54,279 shares of the company traded hands, compared to its average volume of 130,648. The business's fifty day moving average is $9.15 and its 200-day moving average is $9.47. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.36 and a twelve month high of $13.32. The company has a market capitalization of $213.15 million, a price-to-earnings ratio of 6.05 and a beta of 1.39. The company has a debt-to-equity ratio of 6.38, a current ratio of 5.96 and a quick ratio of 5.96.

Angel Oak Mortgage REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.11%. The ex-dividend date of this dividend was Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 85.33%.

Analyst Ratings Changes

Several brokerages have weighed in on AOMR. Wells Fargo & Company dropped 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. UBS Group set a $10.00 price target on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Jones Trading reissued a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. Finally, B. Riley reissued a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Angel Oak Mortgage REIT 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.