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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the recipient of a large 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. Based on an average daily volume of 132,500 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are sold short.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR traded down $0.02 on Monday, reaching $9.55. The stock had a trading volume of 108,820 shares, compared to its average volume of 109,657. Angel Oak Mortgage REIT has a 1-year low of $8.88 and a 1-year high of $13.32. 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 company has a market cap of $224.47 million, a P/E ratio of 3.25 and a beta of 1.47. The firm has a fifty day moving average of $10.01 and a two-hundred day moving average of $9.81.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 13.40%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 112.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Wells Fargo & Company decreased their target price 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. B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, Jones Trading reiterated a “buy” rating and issued a $12.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently modified their holdings of AOMR. National Bank of Canada FI bought a new stake in Angel Oak Mortgage REIT during the third quarter worth about $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter worth approximately $76,000. Voya Investment Management LLC bought a new position in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $112,000. Finally, Lazard Asset Management LLC raised its position in Angel Oak Mortgage REIT by 40.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after purchasing an additional 4,282 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

About Angel Oak Mortgage REIT

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.