Bank of New York Mellon Corp Has $1.69 Million Stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Bank of New York Mellon Corp lifted its holdings in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 100.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,539 shares of the company's stock after buying an additional 90,844 shares during the period. Bank of New York Mellon Corp owned approximately 0.77% of Angel Oak Mortgage REIT worth $1,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT in the third quarter worth approximately $43,000. Wolverine Asset Management LLC boosted its stake in Angel Oak Mortgage REIT by 8.3% during the 4th quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company's stock valued at $593,000 after purchasing an additional 4,895 shares in the last quarter. State Street Corp increased its position in shares of Angel Oak Mortgage REIT by 3.4% during the 3rd quarter. State Street Corp now owns 333,989 shares of the company's stock valued at $3,484,000 after purchasing an additional 10,909 shares during the period. Finally, Barclays PLC increased its position in shares of Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company's stock valued at $165,000 after purchasing an additional 11,804 shares during the period. 80.15% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research analysts recently weighed in on AOMR shares. Jones Trading reaffirmed a "buy" rating and set a $12.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 4th. Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a "buy" rating and a $13.00 price objective for the company. B. Riley upgraded shares of Angel Oak Mortgage REIT to a "hold" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Angel Oak Mortgage REIT currently has an average rating of "Moderate Buy" and an average target price of $12.08.

Angel Oak Mortgage REIT Trading Down 0.4 %

AOMR stock traded down $0.04 during mid-day trading on Wednesday, reaching $9.65. 54,710 shares of the stock traded hands, compared to its average volume of 107,024. Angel Oak Mortgage REIT, Inc. has a 52-week low of $8.88 and a 52-week high of $13.32. The stock's fifty day moving average is $10.03 and its 200-day moving average is $9.83. The company has a market cap of $226.76 million, a P/E ratio of 3.28 and a beta of 1.47. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.27%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT's payout ratio is 112.28%.

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.