Angel Oak Mortgage REIT Inc. $AOMR Shares Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC increased its stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 30.4% during the 1st quarter, HoldingsChannel reports. The firm owned 375,000 shares of the company’s stock after acquiring an additional 87,500 shares during the period. Angel Oak Mortgage REIT comprises 1.8% of Jacobs Asset Management LLC’s holdings, making the stock its 20th largest position. Jacobs Asset Management LLC’s holdings in Angel Oak Mortgage REIT were worth $3,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new position in Angel Oak Mortgage REIT during the 1st quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in Angel Oak Mortgage REIT in the fourth quarter worth $26,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $37,000 after acquiring an additional 3,042 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Angel Oak Mortgage REIT during the third quarter valued at $88,000. Finally, Marshall Wace LLP bought a new position in shares of Angel Oak Mortgage REIT during the fourth quarter worth about $87,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock opened at $8.79 on Friday. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.95 and a 12-month high of $10.14. The firm has a market capitalization of $219.07 million, a price-to-earnings ratio of 13.74 and a beta of 1.25. The business has a 50 day simple moving average of $8.62 and a 200 day simple moving average of $8.69. The company has a debt-to-equity ratio of 8.44, a current ratio of 13.09 and a quick ratio of 13.09.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.12). Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. The business had revenue of ($2.20) million during the quarter, compared to analyst estimates of $11.14 million. On average, equities research analysts anticipate that Angel Oak Mortgage REIT Inc. will post 1.17 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 200.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AOMR shares. BTIG Research dropped 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 report on Wednesday, June 17th. Weiss Ratings downgraded shares of Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.08.

Angel Oak Mortgage REIT Profile

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.