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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 245,178 shares, a decrease of 21.1% from the November 30th total of 310,872 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 93,797 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 93,797 shares, the short-interest ratio is currently 2.6 days. Approximately 1.0% of the shares of the company are short sold.

Angel Oak Mortgage REIT Trading Down 0.5%

Shares of Angel Oak Mortgage REIT stock opened at $8.63 on Tuesday. The stock has a market capitalization of $214.97 million, a P/E ratio of 12.15 and a beta of 1.36. Angel Oak Mortgage REIT has a 12-month low of $7.36 and a 12-month high of $10.88. The company has a quick ratio of 6.83, a current ratio of 6.83 and a debt-to-equity ratio of 6.87. The company has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $9.26.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.26). Angel Oak Mortgage REIT had a return on equity of 6.42% and a net margin of 12.93%.The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. Research analysts expect that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.28 dividend on an annualized basis and a yield of 14.8%. Angel Oak Mortgage REIT’s payout ratio is currently 180.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AOMR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 22nd. UBS Group dropped their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Wall Street Zen downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Angel Oak Mortgage REIT has a consensus rating of “Moderate Buy” and a consensus price target of $11.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in Angel Oak Mortgage REIT by 256.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock worth $14,136,000 after buying an additional 1,085,507 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $1,940,000. North Ground Capital grew its stake in shares of Angel Oak Mortgage REIT by 94.4% during the third quarter. North Ground Capital now owns 388,836 shares of the company’s stock valued at $3,643,000 after purchasing an additional 188,836 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 160.3% during the second quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock valued at $2,112,000 after purchasing an additional 138,090 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after purchasing an additional 117,956 shares in the last quarter. 80.15% of the stock is owned by institutional investors.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.