Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,457 shares of the company’s stock after acquiring an additional 8,316 shares during the period. Geode Capital Management LLC owned about 1.33% of Angel Oak Mortgage REIT worth $2,901,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock valued at $375,000 after acquiring an additional 3,577 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after purchasing an additional 20,142 shares in the last quarter. Barclays PLC grew its stake in 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 purchasing an additional 11,804 shares in the last quarter. State Street Corp grew its stake in Angel Oak Mortgage REIT by 3.4% in the third quarter. State Street Corp now owns 333,989 shares of the company’s stock worth $3,484,000 after purchasing an additional 10,909 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Angel Oak Mortgage REIT by 256.2% in the third 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. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their price target on 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 Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target for the company. Jones Trading decreased their price target on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, B. Riley upgraded Angel Oak Mortgage REIT from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Angel Oak Mortgage REIT has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $9.38 on Tuesday. The business’s 50 day moving average is $9.07 and its 200-day moving average is $9.49. The stock has a market cap of $220.43 million, a PE ratio of 3.19 and a beta of 1.44. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.36 and a twelve month high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.65%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 112.28%.

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.