Angel Oak Mortgage REIT Inc. $AOMR Position Lowered by Jacobs Asset Management LLC

Key Points

• Jacobs Asset Management LLC reduced its holdings in Angel Oak Mortgage REIT by 19.7%, selling 67,348 shares, which now makes up 1.6% of its total portfolio.
• The company announced a quarterly dividend of $0.32 per share, representing a 13.3% yield, set to be paid on August 29th.
• Research analysts have generally upgraded Angel Oak Mortgage REIT, with a consensus rating of "Moderate Buy" and an average target price of $11.60.

Jacobs Asset Management LLC lessened its stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,243 shares of the company's stock after selling 67,348 shares during the period. Angel Oak Mortgage REIT accounts for about 1.6% of Jacobs Asset Management LLC's holdings, making the stock its 23rd biggest position. Jacobs Asset Management LLC owned approximately 1.17% of Angel Oak Mortgage REIT worth $2,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock valued at $268,000 after purchasing an additional 1,730 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after buying an additional 2,300 shares in the last quarter. Barclays PLC lifted its stake 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 in the last quarter. Lazard Asset Management LLC raised its holdings in Angel Oak Mortgage REIT by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after acquiring an additional 4,282 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Angel Oak Mortgage REIT by 46.1% in the 1st quarter. Algert Global LLC now owns 16,190 shares of the company's stock valued at $154,000 after acquiring an additional 5,106 shares during the last quarter. Hedge funds and other institutional investors own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Up 1.6%

NYSE:AOMR traded up $0.16 on Friday, reaching $9.86. The stock had a trading volume of 249,664 shares, compared to its average volume of 227,039. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53. The company has a 50-day moving average of $9.49 and a 200 day moving average of $9.37. The stock has a market cap of $234.15 million, a P/E ratio of 6.40 and a beta of 1.38. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.36 and a 12-month high of $11.51.

Angel Oak Mortgage REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.0%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 83.12%.

Insider Activity at Angel Oak Mortgage REIT

In other news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the transaction, the insider owned 4,134,210 shares of the company's stock, valued at approximately $40,308,547.50. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AOMR shares. B. Riley restated a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a report on Thursday, July 10th. Jones Trading restated a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. Zacks Research upgraded Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Angel Oak Mortgage REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.60.

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.