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Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Sees Large Decline in Short Interest

Angel Oak Mortgage REIT logo with Finance background

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 93,900 shares, a drop of 31.5% from the May 15th total of 137,100 shares. Based on an average trading volume of 133,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company's shares are short sold.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently modified their holdings of AOMR. Wells Fargo & Company MN grew its position in Angel Oak Mortgage REIT by 62.3% in the 4th quarter. Wells Fargo & Company MN now owns 184,965 shares of the company's stock valued at $1,716,000 after acquiring an additional 70,990 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Angel Oak Mortgage REIT by 161.2% during the fourth quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company's stock valued at $763,000 after purchasing an additional 50,739 shares during the period. Millennium Management LLC boosted its stake in shares of Angel Oak Mortgage REIT by 52.0% during the fourth quarter. Millennium Management LLC now owns 102,221 shares of the company's stock valued at $949,000 after purchasing an additional 34,977 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Angel Oak Mortgage REIT by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock worth $375,000 after purchasing an additional 3,577 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Angel Oak Mortgage REIT in the fourth quarter worth about $956,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AOMR shares. Jones Trading reissued a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. UBS Group set a $10.00 target price on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, B. Riley restated a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.83.

Read Our Latest Research Report on Angel Oak Mortgage REIT

Angel Oak Mortgage REIT Trading Down 0.3%

Angel Oak Mortgage REIT stock traded down $0.03 during midday trading on Friday, reaching $9.04. The stock had a trading volume of 148,502 shares, compared to its average volume of 131,018. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 6.38. The firm has a market cap of $212.44 million, a price-to-earnings ratio of 6.03 and a beta of 1.39. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $13.32. The company has a fifty day moving average of $9.15 and a 200 day moving average of $9.47.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.16%. Angel Oak Mortgage REIT's dividend payout ratio is 85.33%.

Angel Oak Mortgage REIT Company Profile

(Get Free Report)

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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