Angel Oak Mortgage REIT (NYSE:AOMR) CFO Brandon Filson Sells 65,000 Shares

Key Points

• CFO Brandon Filson sold 65,000 Angel Oak Mortgage REIT shares at an average price of $7.93, generating $515,450. His direct ownership fell 37.61% to 107,815 shares.
• AOMR shares declined 4.2% to $7.59, near the company’s one-year low of $7.53. The stock offers a quarterly dividend of $0.32, equivalent to a 16.9% annualized yield, though its payout ratio is high at 170.67%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $10.06 target price versus the current share price. Institutional investors and hedge funds own approximately 80.15% of the company.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) CFO Brandon Filson sold 65,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total value of $515,450.00. Following the sale, the chief financial officer directly owned 107,815 shares in the company, valued at $854,972.95. This trade represents a 37.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Angel Oak Mortgage REIT Stock Down 4.2%

Shares of AOMR traded down $0.34 during trading hours on Wednesday, hitting $7.59. The company had a trading volume of 201,007 shares, compared to its average volume of 116,746. The company has a market capitalization of $176.36 million, a PE ratio of 10.13 and a beta of 1.26. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT Inc. has a one year low of $7.53 and a one year high of $9.63. The company's fifty day moving average price is $8.60 and its two-hundred day moving average price is $8.58.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend was Friday, August 21st. Angel Oak Mortgage REIT's dividend payout ratio is presently 170.67%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company's stock valued at $33,000 after acquiring an additional 1,968 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at about $58,000. Bank of America Corp DE increased its holdings in shares of Angel Oak Mortgage REIT by 23.1% in the first quarter. Bank of America Corp DE now owns 11,490 shares of the company's stock valued at $94,000 after purchasing an additional 2,155 shares during the period. Deutsche Bank AG purchased a new position in shares of Angel Oak Mortgage REIT in the second quarter worth about $141,000. Finally, State of Wyoming acquired a new stake in shares of Angel Oak Mortgage REIT during the second quarter worth about $213,000. Institutional investors and hedge funds own 80.15% of the company's stock.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc NYSE: AOMR is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.

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