W Minami Acquires 6,800 Shares of Angel Oak Mortgage REIT (NYSE:AOMR) Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Director W Minami bought 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $8.10 per share, for a total transaction of $55,080.00. Following the acquisition, the director owned 87,118 shares of the company’s stock, valued at $705,655.80. This trade represents a 8.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR opened at $8.10 on Friday. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The stock has a market capitalization of $188.11 million, a P/E ratio of 10.80 and a beta of 1.26. The firm’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.61. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.95 and a 12 month high of $9.88.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 15.8%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 170.67%.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $58,000. Odyssean LLC increased its holdings in shares of Angel Oak Mortgage REIT by 317.6% during the second quarter. Odyssean LLC now owns 41,791 shares of the company’s stock valued at $379,000 after acquiring an additional 31,783 shares in the last quarter. North Ground Capital bought a new stake in shares of Angel Oak Mortgage REIT during the second quarter valued at approximately $1,492,471. BlackRock Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the second quarter worth approximately $12,210,000. Finally, Deutsche Bank AG bought a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter worth $141,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AOMR shares. Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. JonesTrading reiterated a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Finally, BTIG Research lowered their price objective on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.