Short Interest in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Grows By 20.7%

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 257,969 shares, an increase of 20.7% from the January 29th total of 213,710 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 69,795 shares, the short-interest ratio is presently 3.7 days. Based on an average daily volume of 69,795 shares, the short-interest ratio is presently 3.7 days. Currently, 1.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AOMR. UBS Group decreased their price objective on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Wall Street Zen cut Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. Finally, JonesTrading reissued a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Institutional Trading of Angel Oak Mortgage REIT

Several hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new position in Angel Oak Mortgage REIT during the first quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in shares of Angel Oak Mortgage REIT by 343.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after purchasing an additional 3,042 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at about $87,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at about $88,000. Institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Shares of Angel Oak Mortgage REIT stock opened at $8.65 on Wednesday. The business has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $9.10. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.34. The company has a current ratio of 6.83, a quick ratio of 6.83 and a debt-to-equity ratio of 6.87. The company has a market cap of $215.47 million, a P/E ratio of 4.78 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a return on equity of 5.22% and a net margin of 30.65%.The company had revenue of $16.70 million for the quarter, compared to analyst estimates of $11.33 million. As a group, analysts anticipate that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio is presently 70.72%.

Angel Oak Mortgage REIT Company Profile

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.