Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Sees Significant Increase in Short Interest

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a significant increase in short interest during the month of 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 company are short sold. Based on an average daily trading volume, of 132,500 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Angel Oak Mortgage REIT by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after acquiring an additional 20,142 shares during the period. Barclays PLC lifted its position in Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after purchasing an additional 11,804 shares during the period. State Street Corp grew its stake in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company’s stock worth $3,484,000 after buying an additional 10,909 shares in the last quarter. Jane Street Group LLC increased its holdings in Angel Oak Mortgage REIT by 256.2% in the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock valued at $483,000 after buying an additional 33,297 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Angel Oak Mortgage REIT by 100.2% in the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock valued at $1,685,000 after buying an additional 90,844 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Analyst Ratings Changes

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

Angel Oak Mortgage REIT Stock Performance

NYSE:AOMR traded down $0.08 during mid-day trading on Tuesday, reaching $9.45. 44,842 shares of the company’s stock were exchanged, compared to its average volume of 109,426. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.32. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The business’s fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.80. The firm has a market capitalization of $222.08 million, a PE ratio of 3.21 and a beta of 1.47.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.54%. Angel Oak Mortgage REIT’s payout ratio is 112.28%.

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.