Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 52.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 102,221 shares of the company’s stock after purchasing an additional 34,977 shares during the period. Millennium Management LLC owned about 0.43% of Angel Oak Mortgage REIT worth $949,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Angel Oak Mortgage REIT by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company’s stock valued at $268,000 after buying an additional 1,730 shares in the last quarter. Barclays PLC grew its stake in shares of Angel Oak Mortgage REIT by 19.8% in the fourth quarter. Barclays PLC now owns 18,945 shares of the company’s stock valued at $176,000 after buying an additional 3,132 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Angel Oak Mortgage REIT by 140.0% in the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock valued at $56,000 after buying an additional 3,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Angel Oak Mortgage REIT by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock valued at $375,000 after buying an additional 3,577 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after buying an additional 4,282 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Wall Street Analysts Forecast Growth

AOMR has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $13.00 target price (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. UBS Group set a $10.00 price target on Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Wells Fargo & Company lowered their price target on 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. Finally, Jones Trading reiterated a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $9.07 on Friday. 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 $7.36 and a 12 month high of $13.32. The company has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $9.49. The stock has a market cap of $213.15 million, a P/E ratio of 3.09 and a beta of 1.39.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.28 annualized dividend and a yield of 14.11%. 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.