Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,931 shares of the company’s stock after buying an additional 1,730 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Angel Oak Mortgage REIT worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AOMR. Jane Street Group LLC increased its stake in Angel Oak Mortgage REIT by 256.2% in the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock valued at $483,000 after purchasing an additional 33,297 shares in the last quarter. Barclays PLC increased its position 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 valued at $165,000 after buying an additional 11,804 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Angel Oak Mortgage REIT by 8.3% in the fourth 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Angel Oak Mortgage REIT by 100.2% in the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock worth $1,685,000 after buying an additional 90,844 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Angel Oak Mortgage REIT by 9.7% in the 4th 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 during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Trading Up 0.6 %

Shares of Angel Oak Mortgage REIT stock opened at $9.55 on Friday. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $13.32. The business’s fifty day moving average is $9.04 and its two-hundred day moving average is $9.49. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a market cap of $224.43 million, a PE ratio of 3.25 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.40%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio is 112.28%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AOMR shares. Jones Trading reduced their price target on shares of Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, B. Riley raised 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 report 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.75.

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.