Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,965 shares of the company's stock after purchasing an additional 70,990 shares during the period. Wells Fargo & Company MN owned approximately 0.79% of Angel Oak Mortgage REIT worth $1,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in Angel Oak Mortgage REIT by 140.0% in the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock worth $56,000 after acquiring an additional 3,500 shares in the last quarter. Barclays PLC grew its holdings in shares of Angel Oak Mortgage REIT by 294.4% in the third quarter. Barclays PLC now owns 15,813 shares of the company's stock valued at $165,000 after purchasing an additional 11,804 shares during the period. JPMorgan Chase & Co. increased its position in Angel Oak Mortgage REIT by 6.4% during 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after purchasing an additional 3,577 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Angel Oak Mortgage REIT by 256.2% in the third quarter. Jane Street Group LLC now owns 46,293 shares of the company's stock valued at $483,000 after acquiring an additional 33,297 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

NYSE:AOMR traded up $0.10 during trading hours on Thursday, reaching $9.55. 30,502 shares of the company's stock were exchanged, compared to its average volume of 116,902. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.36 and a 1-year high of $13.32. The company has a 50-day moving average of $9.05 and a 200 day moving average of $9.49. The firm has a market capitalization of $224.40 million, a price-to-earnings ratio of 3.25 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.40%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT's payout ratio is currently 112.28%.

Analysts Set New Price Targets

A number of research firms have commented on AOMR. Wells Fargo & Company decreased their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. B. Riley raised shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research report on Monday, April 21st. Jones Trading cut their price objective on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a "buy" rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.75.

Angel Oak Mortgage REIT Company 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.