BlackRock Inc. Buys Shares of 1,344,764 Angel Oak Mortgage REIT Inc. $AOMR

Key Points

• BlackRock acquired 1,344,764 shares of Angel Oak Mortgage REIT in the second quarter, worth approximately $12.21 million and representing a 5.79% stake.
• Institutional investors own approximately 80.15% of AOMR, with several funds increasing or initiating positions during recent quarters.
• Analysts maintain a cautiously positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $10.06 versus the stock’s recent $8.33 price; the company also pays a $0.32 quarterly dividend yielding about 15.4%.

BlackRock Inc. bought a new stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,344,764 shares of the company's stock, valued at approximately $12,210,000. BlackRock Inc. owned approximately 5.79% of Angel Oak Mortgage REIT at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jacobs Asset Management LLC increased its stake in Angel Oak Mortgage REIT by 43.8% in the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company's stock valued at $2,475,000 after buying an additional 87,500 shares during the period. Riverbridge Partners LLC raised its stake in Angel Oak Mortgage REIT by 8.0% during the 1st quarter. Riverbridge Partners LLC now owns 197,392 shares of the company's stock valued at $1,623,000 after purchasing an additional 14,622 shares during the last quarter. Marshall Wace LLP bought a new stake in Angel Oak Mortgage REIT in the fourth quarter valued at about $87,000. BNP Paribas Financial Markets boosted its holdings in shares of Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company's stock worth $37,000 after acquiring an additional 3,042 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at $26,000. 80.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AOMR shares. Wells Fargo & Company dropped their price target on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. JonesTrading reissued a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. BTIG Research cut their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded Angel Oak Mortgage REIT from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.06.

Angel Oak Mortgage REIT Trading Up 1.0%

AOMR opened at $8.33 on Friday. The company has a debt-to-equity ratio of 8.76, a current ratio of 7.16 and a quick ratio of 7.16. Angel Oak Mortgage REIT Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $10.14. The firm has a market capitalization of $193.42 million, a PE ratio of 11.11 and a beta of 1.26. The company's 50-day moving average is $8.82 and its 200 day moving average is $8.64.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 15.4%. The ex-dividend date of this dividend was Friday, August 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is currently 170.67%.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc NYSE: AOMR is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.

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