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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 84,900 shares, a drop of 17.3% from the March 31st total of 102,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 140,800 shares, the days-to-cover ratio is presently 0.6 days.

Angel Oak Mortgage REIT Stock Up 0.3 %

Shares of NYSE:AOMR opened at $9.48 on Friday. The company has a market capitalization of $222.78 million, a P/E ratio of 3.22 and a beta of 1.44. The stock's fifty day simple moving average is $9.05 and its 200-day simple moving average is $9.49. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $13.32. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 13.50%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

AOMR has been the topic of a number of research analyst reports. B. Riley raised shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price objective on the stock in a report on Monday, April 21st. Jones Trading dropped their price objective on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company decreased their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Finally, Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.75.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently modified their holdings of the company. Jacobs Asset Management LLC grew its stake in Angel Oak Mortgage REIT by 265.5% in the 4th quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company's stock worth $3,170,000 after acquiring an additional 248,131 shares during the period. CF Capital LLC acquired a new stake in shares of Angel Oak Mortgage REIT during the fourth quarter worth $1,095,000. Alpine Global Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at $956,000. Bank of New York Mellon Corp increased its stake in Angel Oak Mortgage REIT by 100.2% in the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock valued at $1,685,000 after purchasing an additional 90,844 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Angel Oak Mortgage REIT by 62.3% during the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company's stock worth $1,716,000 after buying an additional 70,990 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.

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