Short Interest in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Declines By 24.9%

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 94,300 shares, a decrease of 24.9% from the January 15th total of 125,600 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 93,400 shares, the short-interest ratio is presently 1.0 days.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR opened at $10.79 on Friday. The company has a fifty day moving average of $9.77 and a two-hundred day moving average of $10.23. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT has a 1 year low of $8.88 and a 1 year high of $13.31. The company has a market capitalization of $253.56 million, a PE ratio of 3.67 and a beta of 1.48.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 11.87%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 43.54%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AOMR. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in shares of Angel Oak Mortgage REIT by 55.3% during the fourth quarter. Marshall Wace LLP now owns 168,952 shares of the company’s stock worth $1,568,000 after acquiring an additional 60,135 shares during the last quarter. Barclays PLC grew its position in Angel Oak Mortgage REIT by 19.8% during the 4th quarter. Barclays PLC now owns 18,945 shares of the company’s stock worth $176,000 after purchasing an additional 3,132 shares during the last quarter. Wells Fargo & Company MN increased its stake in Angel Oak Mortgage REIT by 62.3% in the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company’s stock valued at $1,716,000 after purchasing an additional 70,990 shares during the period. Geode Capital Management LLC raised its holdings in shares of Angel Oak Mortgage REIT by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 312,457 shares of the company’s stock valued at $2,901,000 after buying an additional 8,316 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Angel Oak Mortgage REIT by 140.0% during the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock worth $56,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds 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.