Amundi Grows Stake in Angel Oak Mortgage REIT Inc. $AOMR

Amundi boosted its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 423,180 shares of the company’s stock after acquiring an additional 12,848 shares during the period. Amundi owned 1.80% of Angel Oak Mortgage REIT worth $3,847,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after acquiring an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at $76,000. M&T Bank Corp purchased a new position in Angel Oak Mortgage REIT during the first quarter valued at $110,000. Voya Investment Management LLC purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at $112,000. Finally, State of Wyoming purchased a new position in Angel Oak Mortgage REIT during the first quarter valued at $116,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Price Performance

AOMR stock opened at $9.81 on Friday. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.36 and a 12 month high of $10.88. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53. The company has a 50-day moving average price of $9.57 and a 200 day moving average price of $9.35. The stock has a market cap of $233.09 million, a PE ratio of 6.37 and a beta of 1.38.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 13.0%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 83.12%.

Insiders Place Their Bets

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $9.75, for a total value of $5,801,250.00. Following the sale, the insider owned 4,134,210 shares in the company, valued at $40,308,547.50. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group set a $10.50 target price on shares of Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research note on Thursday, July 10th. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. B. Riley reissued a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. Finally, Jones Trading reissued a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.60.

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.