Angel Oak Mortgage REIT (NYSE:AOMR) Director W Minami Buys 6,800 Shares of Stock

Key Points

• Director W. Minami purchased 6,800 AOMR shares at an average price of $8.10, investing $55,080 and increasing direct ownership by 8.47% to 87,118 shares.
• Angel Oak Mortgage REIT shares traded at $8.11, near the lower end of their 52-week range, while the company paid a quarterly dividend of $0.32 per share, representing a 15.8% annualized yield.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $10.06 target price; institutional investors and hedge funds own approximately 80.15% of the stock.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) Director W Minami acquired 6,800 shares of the business's stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $8.10 per share, with a total value of $55,080.00. Following the acquisition, the director directly owned 87,118 shares in the company, valued at approximately $705,655.80. This trade represents a 8.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR traded down $0.15 during mid-day trading on Thursday, hitting $8.11. 172,136 shares of the company's stock were exchanged, compared to its average volume of 112,358. Angel Oak Mortgage REIT Inc. has a 52 week low of $7.95 and a 52 week high of $9.88. The stock's 50-day simple moving average is $8.77 and its 200-day simple moving average is $8.62. The firm has a market cap of $188.24 million, a price-to-earnings ratio of 10.81 and a beta of 1.26. The company has a quick ratio of 7.16, a current ratio of 7.16 and a debt-to-equity ratio of 8.76.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 15.8%. The ex-dividend date was Friday, August 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 170.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JonesTrading reiterated 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. Wells Fargo & Company decreased 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 report on Wednesday, August 5th. Weiss Ratings raised Angel Oak Mortgage REIT from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, BTIG Research decreased their price objective on shares of 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.06.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $12,210,000. North Ground Capital acquired a new stake in Angel Oak Mortgage REIT in the second quarter valued at approximately $1,492,471. JPMorgan Chase & Co. boosted its position in Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company's stock valued at $1,364,000 after buying an additional 117,956 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Angel Oak Mortgage REIT by 584.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company's stock valued at $972,000 after buying an additional 88,596 shares in the last quarter. Finally, Jacobs Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 30.4% during the first quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company's stock worth $3,082,000 after buying an additional 87,500 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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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