Ameriprise Financial Inc. Has $763,000 Stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Ameriprise Financial Inc. grew its stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 161.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 82,223 shares of the company’s stock after purchasing an additional 50,739 shares during the period. Ameriprise Financial Inc. owned about 0.35% of Angel Oak Mortgage REIT worth $763,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOMR. JPMorgan Chase & Co. lifted its position in shares of Angel Oak Mortgage REIT by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company’s stock valued at $268,000 after purchasing an additional 1,730 shares in the last quarter. Barclays PLC increased its stake in Angel Oak Mortgage REIT by 19.8% in the 4th quarter. Barclays PLC now owns 18,945 shares of the company’s stock valued at $176,000 after buying an additional 3,132 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Angel Oak Mortgage REIT by 140.0% during the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock worth $56,000 after buying an additional 3,500 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $375,000 after buying an additional 3,577 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Angel Oak Mortgage REIT by 8.3% in the 4th quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company’s stock worth $593,000 after buying an additional 4,895 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $10.00 target price on shares of Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Finally, Jones Trading restated a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $8.88 on Tuesday. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.36 and a 1-year high of $13.32. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a market capitalization of $208.68 million, a PE ratio of 3.02 and a beta of 1.44. The firm’s 50 day simple moving average is $9.02 and its 200 day simple moving average is $9.51.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.41%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 85.33%.

About Angel Oak Mortgage REIT

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.