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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 102,600 shares, a decrease of 21.0% from the March 15th total of 129,900 shares. Based on an average daily volume of 137,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of Angel Oak Mortgage REIT

Several hedge funds have recently made changes to their positions in AOMR. Public Employees Retirement System of Ohio bought a new position in Angel Oak Mortgage REIT in the 3rd quarter worth about $43,000. National Bank of Canada FI increased its position in Angel Oak Mortgage REIT by 140.0% in the 4th quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock valued at $56,000 after acquiring an additional 3,500 shares during the period. BNP Paribas Financial Markets acquired a new stake in Angel Oak Mortgage REIT in the 4th quarter valued at approximately $76,000. Voya Investment Management LLC bought a new stake in Angel Oak Mortgage REIT during the 4th quarter valued at $112,000. Finally, Lazard Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after acquiring an additional 4,282 shares during the period. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $7.92 on Monday. The company has a market cap of $186.12 million, a PE ratio of 2.69 and a beta of 1.44. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $13.32. The firm has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $9.55. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 16.16%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT’s payout ratio is 112.28%.

Wall Street Analyst Weigh In

AOMR has been the subject of a number of recent analyst reports. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target for the company. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Jones Trading cut their target price on shares of Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.70.

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.