M&T Bank Corp Buys New Position in Angel Oak Mortgage REIT Inc. (NYSE:AOMR)

M&T Bank Corp bought a new stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AOMR. National Bank of Canada FI grew its position in Angel Oak Mortgage REIT by 140.0% in the 4th 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. Public Employees Retirement System of Ohio raised its holdings in shares of Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock worth $60,000 after purchasing an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter worth approximately $76,000. Voya Investment Management LLC bought a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter worth approximately $112,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Angel Oak Mortgage REIT by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after purchasing an additional 4,282 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. UBS Group set a $10.50 target price on shares of Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a report on Thursday, July 10th. Wall Street Zen cut shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a report on Friday. Finally, Jones Trading reiterated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.92.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock opened at $9.36 on Friday. The firm has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $9.48. The company has a current ratio of 5.96, a quick ratio of 5.96 and a debt-to-equity ratio of 6.38. Angel Oak Mortgage REIT Inc. has a 1-year low of $7.36 and a 1-year high of $12.94. The stock has a market capitalization of $219.96 million, a price-to-earnings ratio of 6.24 and a beta of 1.38.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend was Thursday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 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.