Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director Purchases $48,650.00 in Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director W D. Minami bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the purchase, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Angel Oak Mortgage REIT Stock Performance

AOMR stock traded down $0.03 during trading on Tuesday, reaching $9.91. The stock had a trading volume of 88,608 shares, compared to its average volume of 86,858. The company has a current ratio of 16.23, a quick ratio of 16.23 and a debt-to-equity ratio of 5.36. The stock’s 50 day moving average is $10.02 and its two-hundred day moving average is $11.29. The firm has a market cap of $231.10 million, a PE ratio of 3.38 and a beta of 1.43. Angel Oak Mortgage REIT, Inc. has a 52 week low of $8.88 and a 52 week high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 12.92%. The ex-dividend date is Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Wall Street Analysts Forecast Growth

AOMR has been the subject of several recent research reports. BTIG Research assumed coverage on Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price objective for the company. Wells Fargo & Company lowered their target price on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its stake in shares of Angel Oak Mortgage REIT by 332.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after acquiring an additional 44,256 shares during the last quarter. Vanguard Group Inc. raised its position in Angel Oak Mortgage REIT by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $9,283,000 after purchasing an additional 12,208 shares in the last quarter. Renaissance Technologies LLC raised its position in Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after purchasing an additional 4,400 shares in the last quarter. Ritholtz Wealth Management raised its position in Angel Oak Mortgage REIT by 35.0% during the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after purchasing an additional 10,171 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at $35,000. 80.15% of the stock is owned by institutional investors.

Angel Oak Mortgage REIT Company Profile

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.