207,047 Shares in Angel Oak Mortgage REIT Inc. $AOMR Purchased by Alpine Global Management LLC

Alpine Global Management LLC acquired a new position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 207,047 shares of the company’s stock, valued at approximately $1,940,000. Alpine Global Management LLC owned about 0.83% of Angel Oak Mortgage REIT at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Strs Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the 1st quarter worth approximately $25,000. BNP Paribas Financial Markets raised its holdings in Angel Oak Mortgage REIT by 343.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT in the third quarter worth $88,000. Russell Investments Group Ltd. lifted its position in Angel Oak Mortgage REIT by 249.2% in the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock worth $132,000 after buying an additional 9,994 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Angel Oak Mortgage REIT by 34.0% during the third quarter. Algert Global LLC now owns 14,710 shares of the company’s stock worth $138,000 after buying an additional 3,730 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AOMR has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. Finally, JonesTrading reiterated a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Angel Oak Mortgage REIT currently has an average rating of “Hold” and a consensus price target of $11.08.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $8.41 on Wednesday. The stock’s 50-day moving average price is $8.82 and its 200 day moving average price is $9.00. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.36 and a 12-month high of $10.34. The firm has a market cap of $209.50 million, a price-to-earnings ratio of 4.64 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $11.33 million. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. As a group, sell-side analysts expect that Angel Oak Mortgage REIT Inc. will post 0.03 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 15.2%. The ex-dividend date was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 70.72%.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.