Bank of America Corp DE Decreases Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Bank of America Corp DE decreased its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 98.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,215 shares of the company’s stock after selling 845,440 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of Angel Oak Mortgage REIT worth $113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Angel Oak Mortgage REIT by 62.3% in the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company’s stock valued at $1,716,000 after buying an additional 70,990 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Angel Oak Mortgage REIT by 161.2% in the fourth quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company’s stock worth $763,000 after acquiring an additional 50,739 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Angel Oak Mortgage REIT by 9.7% during the 4th 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 during the period. Bank of New York Mellon Corp lifted its position in Angel Oak Mortgage REIT by 100.2% during the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after buying an additional 90,844 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at about $76,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Angel Oak Mortgage REIT Stock Up 0.6%

AOMR opened at $9.23 on Tuesday. The business has a 50 day moving average price of $9.08 and a 200 day moving average price of $9.48. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.36 and a twelve month high of $13.32. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The firm has a market cap of $216.79 million, a P/E ratio of 3.14 and a beta of 1.39.

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 issued 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 13.88%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 85.33%.

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.