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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 102,600 shares, a drop of 21.0% from the March 15th total of 129,900 shares. Based on an average trading volume of 137,900 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company's shares are short sold.

Angel Oak Mortgage REIT Trading Up 1.3 %

Shares of Angel Oak Mortgage REIT stock traded up $0.11 during trading hours on Wednesday, hitting $8.45. The company's stock had a trading volume of 63,933 shares, compared to its average volume of 115,015. The company has a market capitalization of $198.58 million, a PE ratio of 2.87 and a beta of 1.44. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The stock has a 50 day moving average of $9.18 and a 200 day moving average of $9.52. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $13.32.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid 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 15.15%. Angel Oak Mortgage REIT's payout ratio is 112.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ritholtz Wealth Management increased its position in shares of Angel Oak Mortgage REIT by 162.4% during the first quarter. Ritholtz Wealth Management now owns 92,561 shares of the company's stock worth $882,000 after acquiring an additional 57,283 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in Angel Oak Mortgage REIT in the 1st quarter worth $152,000. Public Employees Retirement System of Ohio increased its holdings in Angel Oak Mortgage REIT by 55.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock worth $60,000 after purchasing an additional 2,300 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at about $956,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of Angel Oak Mortgage REIT by 37.6% in the fourth quarter. Two Sigma Advisers LP now owns 26,700 shares of the company's stock valued at $248,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors own 80.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Monday. Wells Fargo & Company cut 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 note on Wednesday, March 5th. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a "buy" rating and a $13.00 target price for the company. Finally, Jones Trading cut their price target on shares of Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Angel Oak Mortgage REIT currently has an average rating of "Moderate Buy" and a consensus target price of $11.75.

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.