Brandon Filson Sells 65,000 Shares of Angel Oak Mortgage REIT (NYSE:AOMR) Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) CFO Brandon Filson sold 65,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.93, for a total transaction of $515,450.00. Following the completion of the sale, the chief financial officer owned 107,815 shares in the company, valued at $854,972.95. The trade was a 37.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR traded down $0.34 on Wednesday, reaching $7.59. 201,007 shares of the company’s stock traded hands, compared to its average volume of 116,746. Angel Oak Mortgage REIT Inc. has a fifty-two week low of $7.53 and a fifty-two week high of $9.63. The company has a debt-to-equity ratio of 8.76, a quick ratio of 7.16 and a current ratio of 7.16. The firm has a market cap of $176.36 million, a price-to-earnings ratio of 10.13 and a beta of 1.26. The stock has a 50 day moving average price of $8.60 and a 200-day moving average price of $8.58.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend was Friday, August 21st. Angel Oak Mortgage REIT’s payout ratio is 170.67%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the second quarter worth about $58,000. Odyssean LLC grew its stake in Angel Oak Mortgage REIT by 317.6% during the 2nd quarter. Odyssean LLC now owns 41,791 shares of the company’s stock valued at $379,000 after acquiring an additional 31,783 shares in the last quarter. North Ground Capital acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at about $1,492,471. BlackRock Inc. acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at about $12,210,000. Finally, Deutsche Bank AG purchased a new position in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $141,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Analysts Set New Price Targets

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

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.