Angel Oak Mortgage REIT (NYSE:AOMR) Director Purchases $55,080.00 in Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Director W Minami acquired 6,800 shares of Angel Oak Mortgage REIT stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average price of $8.10 per share, for a total transaction of $55,080.00. Following the transaction, the director directly owned 87,118 shares in the company, valued at $705,655.80. The trade was a 8.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Angel Oak Mortgage REIT Price Performance

AOMR traded down $0.15 on Thursday, reaching $8.11. The stock had a trading volume of 172,136 shares, compared to its average volume of 112,358. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $188.24 million, a price-to-earnings ratio of 10.81 and a beta of 1.26. Angel Oak Mortgage REIT Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $9.88. The firm has a 50-day moving average of $8.77 and a 200-day moving average of $8.62.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 15.8%. The ex-dividend date was Friday, August 21st. Angel Oak Mortgage REIT’s payout ratio is 170.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AOMR. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. JonesTrading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 4th. Wells Fargo & Company dropped their price target on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, BTIG Research reduced their price objective on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.06.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new stake in Angel Oak Mortgage REIT in the first quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Angel Oak Mortgage REIT during the 4th quarter valued at approximately $26,000. 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 worth $37,000 after purchasing an additional 3,042 shares during the last quarter. Royal Bank of Canada raised its holdings in Angel Oak Mortgage REIT by 94.0% during the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock worth $33,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter worth approximately $58,000. 80.15% of the stock is currently owned by institutional investors.

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.