Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,398 shares of the company’s stock after acquiring an additional 3,577 shares during the period. Charles Schwab Investment Management Inc. owned about 0.17% of Angel Oak Mortgage REIT worth $375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AOMR. Bank of New York Mellon Corp grew its stake in Angel Oak Mortgage REIT by 100.2% during the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after purchasing an additional 90,844 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Angel Oak Mortgage REIT by 8.3% during the 4th quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company’s stock valued at $593,000 after buying an additional 4,895 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after buying an additional 20,142 shares in the last quarter. Barclays PLC increased its stake 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 worth $165,000 after buying an additional 11,804 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the third quarter worth $43,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased 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 report on Wednesday, March 5th. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Jones Trading reaffirmed a “buy” rating and set a $12.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $9.55 on Tuesday. The company has a market cap of $224.47 million, a PE ratio of 3.25 and a beta of 1.47. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $13.32. The firm has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.80. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.40%. The ex-dividend date of this dividend 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.