State Street Corp Has $3.48 Million Stock Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

State Street Corp raised its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,989 shares of the company’s stock after acquiring an additional 10,909 shares during the period. State Street Corp’s holdings in Angel Oak Mortgage REIT were worth $3,484,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AOMR. Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $40,000. Renaissance Technologies LLC increased 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 worth $330,000 after buying an additional 4,400 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Angel Oak Mortgage REIT by 35.0% during the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after buying an additional 10,171 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at about $616,000. Finally, Jacobs Asset Management LLC acquired a new position in shares of Angel Oak Mortgage REIT in the third quarter valued at about $975,000. Institutional investors own 80.15% of the company’s stock.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami purchased 5,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $9.73 per share, with a total value of $48,650.00. Following the acquisition, the director now owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This represents a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $9.12 on Tuesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT, Inc. has a 52-week low of $8.88 and a 52-week high of $13.31. The firm has a market cap of $214.42 million, a P/E ratio of 3.10 and a beta of 1.46. The business’s fifty day moving average is $9.45 and its 200-day moving average is $10.73.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 14.04%. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price objective on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Angel Oak Mortgage REIT 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.