Barclays PLC Raises Stock Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Barclays PLC boosted its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 294.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,813 shares of the company’s stock after purchasing an additional 11,804 shares during the quarter. Barclays PLC owned about 0.07% of Angel Oak Mortgage REIT worth $165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth about $1,515,000. Jacobs Asset Management LLC purchased a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth about $975,000. Wolverine Asset Management LLC acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $616,000. Jane Street Group LLC increased its position in Angel Oak Mortgage REIT by 256.2% during the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after purchasing an additional 33,297 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in Angel Oak Mortgage REIT by 32.3% during the 3rd quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock worth $541,000 after purchasing an additional 12,650 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Wall Street Analysts Forecast Growth

AOMR has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.20.

Angel Oak Mortgage REIT Price Performance

NYSE:AOMR opened at $10.09 on Thursday. The business’s 50-day moving average price is $9.54 and its 200 day moving average price is $10.41. The firm has a market cap of $237.11 million, a P/E ratio of 3.43 and a beta of 1.46. Angel Oak Mortgage REIT, Inc. has a 52-week low of $8.88 and a 52-week high of $13.31. 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 Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 12.69%. Angel Oak Mortgage REIT’s payout ratio is presently 43.54%.

Insiders Place Their Bets

In related news, Director W D. Minami bought 5,000 shares of Angel Oak Mortgage REIT stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the acquisition, the director now owns 45,259 shares in the company, valued at $440,370.07. This trade represents a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

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.