Public Employees Retirement System of Ohio Buys New Stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Public Employees Retirement System of Ohio acquired a new stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,165 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its holdings in shares of Angel Oak Mortgage REIT by 35.0% in 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 during the last quarter. Renaissance Technologies LLC lifted its stake in Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after buying an additional 4,400 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at approximately $40,000. Wolverine Asset Management LLC purchased a new position in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $616,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $1,515,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Angel Oak Mortgage REIT Price Performance

Angel Oak Mortgage REIT stock opened at $9.19 on Monday. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The business has a 50 day simple moving average of $9.51 and a 200-day simple moving average of $10.84. Angel Oak Mortgage REIT, Inc. has a 12 month low of $8.88 and a 12 month high of $13.31. The stock has a market capitalization of $216.07 million, a PE ratio of 3.13 and a beta of 1.46.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given 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 13.93%. Angel Oak Mortgage REIT’s payout ratio is currently 43.54%.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami bought 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $9.73 per share, with a total value of $48,650.00. Following the purchase, the director now owns 45,259 shares in the company, valued at approximately $440,370.07. This represents a 12.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

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.