Angel Oak Mortgage REIT Inc. $AOMR Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 427.2% during the third quarter, HoldingsChannel reports. The firm owned 145,565 shares of the company’s stock after purchasing an additional 117,956 shares during the quarter. JPMorgan Chase & Co.’s holdings in Angel Oak Mortgage REIT were worth $1,364,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AOMR. Strs Ohio acquired a new position in shares of Angel Oak Mortgage REIT during the first quarter worth $25,000. BNP Paribas Financial Markets lifted its position in shares of Angel Oak Mortgage REIT by 343.0% during the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after purchasing an additional 3,042 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT during the third quarter worth $88,000. Russell Investments Group Ltd. increased its stake in shares of 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 increased its stake in shares of Angel Oak Mortgage REIT by 34.0% in 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 last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on AOMR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Monday, December 29th. JonesTrading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.08.

Angel Oak Mortgage REIT Stock Up 2.2%

AOMR stock opened at $8.49 on Thursday. The company has a debt-to-equity ratio of 7.49, a current ratio of 10.95 and a quick ratio of 10.95. Angel Oak Mortgage REIT Inc. has a 1-year low of $7.36 and a 1-year high of $10.34. The firm has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $8.84. The firm has a market cap of $211.67 million, a price-to-earnings ratio of 4.69 and a beta of 1.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. The firm had revenue of $16.70 million during the quarter, compared to analyst estimates of $11.33 million. Research analysts predict that Angel Oak Mortgage REIT Inc. will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 15.1%. Angel Oak Mortgage REIT’s payout ratio is 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.