State Street Corp Purchases 10,909 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

State Street Corp lifted its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,989 shares of the company’s stock after purchasing an additional 10,909 shares during the quarter. State Street Corp owned 1.42% of Angel Oak Mortgage REIT worth $3,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth $40,000. Renaissance Technologies LLC lifted its holdings in shares of Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after purchasing an additional 4,400 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Angel Oak Mortgage REIT by 35.0% in the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after purchasing an additional 10,171 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at approximately $616,000. Finally, Jacobs Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $975,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Insider Transactions at Angel Oak Mortgage REIT

In other news, Director W D. Minami purchased 5,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the transaction, the director now owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 12.42 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Angel Oak Mortgage REIT currently has an average rating of “Hold” and an average price target of $12.00.

Angel Oak Mortgage REIT Price Performance

NYSE AOMR opened at $9.12 on Tuesday. The firm’s 50 day moving average is $9.45 and its 200-day moving average is $10.73. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $214.42 million, a PE ratio of 3.10 and a beta of 1.46. Angel Oak Mortgage REIT, Inc. has a 12-month low of $8.88 and a 12-month high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.28 annualized dividend and a yield of 14.04%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 43.54%.

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.