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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 94,300 shares, a decline of 24.9% from the January 15th total of 125,600 shares. Based on an average daily volume of 93,400 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are short sold.

Angel Oak Mortgage REIT Stock Performance

Shares of Angel Oak Mortgage REIT stock opened at $10.79 on Friday. The stock has a market capitalization of $253.56 million, a price-to-earnings ratio of 3.67 and a beta of 1.48. 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 moving average of $9.77 and a 200 day moving average of $10.23. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 11.87%. The ex-dividend date is Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Angel Oak Mortgage REIT by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company’s stock valued at $268,000 after buying an additional 1,730 shares during the period. National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at $26,000. Barclays PLC boosted its holdings in Angel Oak Mortgage REIT by 19.8% in the fourth quarter. Barclays PLC now owns 18,945 shares of the company’s stock valued at $176,000 after purchasing an additional 3,132 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock worth $375,000 after purchasing an additional 3,577 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $40,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AOMR has been the subject of a number of research analyst reports. Janney Montgomery Scott initiated coverage on 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. Wells Fargo & Company lowered their target price 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. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.20.

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.