Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Short Interest Down 31.5% in May

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AOMR. Jones Trading restated a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. UBS Group set a $10.00 price objective on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, B. Riley reiterated a "buy" rating and set a $13.00 price objective (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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.83.

Angel Oak Mortgage REIT Stock Down 0.1%

Shares of NYSE AOMR opened at $9.21 on Tuesday. The stock has a market capitalization of $216.53 million, a P/E ratio of 3.13 and a beta of 1.39. The company has a 50-day moving average price of $9.08 and a 200-day moving average price of $9.48. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $13.32. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date of this dividend was Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio is 85.33%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in Angel Oak Mortgage REIT in the first quarter worth about $25,000. National Bank of Canada FI grew its stake in 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 valued at $56,000 after acquiring an additional 3,500 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after acquiring an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Angel Oak Mortgage REIT during the fourth quarter valued at approximately $76,000. Finally, M&T Bank Corp purchased a new stake in Angel Oak Mortgage REIT in the first quarter valued at approximately $110,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

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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