Angel Oak Mortgage REIT Inc. $AOMR Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 256.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,508,687 shares of the company’s stock after acquiring an additional 1,085,507 shares during the period. Victory Capital Management Inc. owned 6.06% of Angel Oak Mortgage REIT worth $14,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. North Ground Capital grew its holdings in shares of Angel Oak Mortgage REIT by 94.4% during the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock worth $3,643,000 after purchasing an additional 188,836 shares during the period. JPMorgan Chase & Co. grew its stake in Angel Oak Mortgage REIT by 427.2% during the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock worth $1,364,000 after buying an additional 117,956 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Angel Oak Mortgage REIT by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after acquiring an additional 72,555 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Angel Oak Mortgage REIT by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 874,035 shares of the company’s stock valued at $8,190,000 after acquiring an additional 35,580 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter valued at $189,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. JonesTrading reaffirmed a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. UBS Group lowered their target price on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Finally, Wall Street Zen lowered Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.08.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock opened at $8.45 on Wednesday. The company has a debt-to-equity ratio of 7.49, a current ratio of 10.95 and a quick ratio of 10.95. The company’s fifty day moving average price is $8.84 and its two-hundred day moving average price is $9.05. The firm has a market capitalization of $210.62 million, a P/E ratio of 4.67 and a beta of 1.36. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.36 and a 12 month high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%.The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. On average, research analysts anticipate that Angel Oak Mortgage REIT Inc. will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 20th. This represents a $1.28 annualized dividend and a yield of 15.1%. Angel Oak Mortgage REIT’s payout ratio is currently 70.72%.

Angel Oak Mortgage REIT Company 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.