Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Short Interest Update

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 129,900 shares, an increase of 47.4% from the February 28th total of 88,100 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 132,500 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AOMR. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Jones Trading restated a “buy” rating and issued a $12.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AOMR. JPMorgan Chase & Co. lifted its stake in Angel Oak Mortgage REIT by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after buying an additional 20,142 shares during the period. Barclays PLC increased its stake in shares of Angel Oak Mortgage REIT by 294.4% in the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after acquiring an additional 11,804 shares in the last quarter. State Street Corp lifted 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 acquiring an additional 10,909 shares during the period. Jane Street Group LLC boosted its stake in Angel Oak Mortgage REIT by 256.2% during the third quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after acquiring an additional 33,297 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Angel Oak Mortgage REIT by 100.2% in the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after purchasing an additional 90,844 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Trading Down 0.8 %

AOMR stock traded down $0.08 during trading on Tuesday, hitting $9.45. The company had a trading volume of 44,842 shares, compared to its average volume of 109,426. 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 has a one year low of $8.88 and a one year high of $13.32. The business has a 50-day moving average of $10.00 and a 200-day moving average of $9.80. The stock has a market cap of $222.08 million, a PE ratio of 3.21 and a beta of 1.47.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.54%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 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.