Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Stock Position Cut by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,712 shares of the company’s stock after selling 2,943 shares during the quarter. Rhumbline Advisers owned 0.08% of Angel Oak Mortgage REIT worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT in the 3rd quarter valued at about $26,000. Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT during the third quarter valued at about $43,000. State Street Corp lifted its stake in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after buying an additional 10,909 shares in the last quarter. Barclays PLC lifted its stake in Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after buying an additional 11,804 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after buying an additional 20,142 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. Jones Trading reaffirmed a “buy” rating and set a $12.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 4th. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT presently has an average rating of “Moderate Buy” and an average target price of $12.08.

Angel Oak Mortgage REIT Price Performance

NYSE AOMR opened at $9.63 on Tuesday. The company has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.94. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The firm has a market capitalization of $226.41 million, a price-to-earnings ratio of 3.28 and a beta of 1.47. Angel Oak Mortgage REIT, Inc. has a 52-week low of $8.88 and a 52-week high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.29%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 112.28%.

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.