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

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AOMR. 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. Janney Montgomery Scott began 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 for the company. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Angel Oak Mortgage REIT Trading Down 1.2 %

AOMR stock traded down $0.12 during midday trading on Friday, hitting $9.56. The company had a trading volume of 80,279 shares, compared to its average volume of 109,660. The stock has a market cap of $224.84 million, a price-to-earnings ratio of 3.25 and a beta of 1.47. Angel Oak Mortgage REIT has a 52 week low of $8.88 and a 52 week high of $13.32. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.81.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.38%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 112.28%.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new position in shares of Angel Oak Mortgage REIT during the third quarter valued at approximately $26,000. Public Employees Retirement System of Ohio purchased a new position in Angel Oak Mortgage REIT during the 3rd quarter valued at $43,000. BNP Paribas Financial Markets bought a new position in Angel Oak Mortgage REIT in the 4th quarter worth $76,000. Voya Investment Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter worth about $112,000. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 valued at $137,000 after purchasing an additional 4,282 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

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.