JPMorgan Chase & Co. Has $284,000 Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

JPMorgan Chase & Co. increased its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 285.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,201 shares of the company’s stock after buying an additional 20,142 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Angel Oak Mortgage REIT worth $284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new position in Angel Oak Mortgage REIT in the third quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT during the third quarter worth $43,000. Barclays PLC increased its holdings in Angel Oak Mortgage REIT by 294.4% in the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after buying an additional 11,804 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Angel Oak Mortgage REIT by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after buying an additional 4,400 shares during the period. 80.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Angel Oak Mortgage REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Angel Oak Mortgage REIT Stock Up 1.3 %

Shares of Angel Oak Mortgage REIT stock opened at $10.18 on Friday. The business has a fifty day simple moving average of $9.60 and a 200 day simple moving average of $10.35. The stock has a market cap of $239.33 million, a PE ratio of 3.46 and a beta of 1.46. 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 12 month low of $8.88 and a 12 month high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 12.57%. Angel Oak Mortgage REIT’s payout ratio is currently 43.54%.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami purchased 5,000 shares of the stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the acquisition, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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.