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

Key Points

• Short interest in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) increased by 33.3% in August, totaling 236,200 shares, indicating growing market skepticism.
• The company recently declared a quarterly dividend of $0.32 per share, reflecting a dividend yield of 13.0% and an annualized payout of $1.28.
• Analysts have generally upgraded their ratings on AOMR, with four giving a Buy rating and a consensus price target of $11.60.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 236,200 shares, an increase of 33.3% from the July 31st total of 177,200 shares. Currently, 1.3% of the company's stock are short sold. Based on an average daily volume of 128,200 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 128,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the company's stock are short sold.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the transaction, the insider owned 4,134,210 shares in the company, valued at $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of Angel Oak Mortgage REIT by 161.2% in the fourth quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company's stock worth $763,000 after buying an additional 50,739 shares during the period. M&T Bank Corp acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter worth $110,000. Bank of New York Mellon Corp boosted its position in shares of Angel Oak Mortgage REIT by 29.4% in the first quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company's stock worth $2,240,000 after buying an additional 53,463 shares during the period. Millennium Management LLC boosted its position in shares of Angel Oak Mortgage REIT by 52.0% in the fourth quarter. Millennium Management LLC now owns 102,221 shares of the company's stock worth $949,000 after buying an additional 34,977 shares during the period. Finally, North Ground Capital boosted its position in shares of Angel Oak Mortgage REIT by 42.5% in the first quarter. North Ground Capital now owns 168,128 shares of the company's stock worth $1,589,000 after buying an additional 50,157 shares during the period. Institutional investors and hedge funds own 80.15% of the company's stock.

Analysts Set New Price Targets

AOMR has been the topic of several recent analyst reports. Zacks Research upgraded Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Jones Trading reiterated a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, B. Riley reiterated a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.60.

Angel Oak Mortgage REIT Stock Performance

AOMR stock traded down $0.06 on Friday, reaching $9.78. The company's stock had a trading volume of 57,439 shares, compared to its average volume of 135,967. The firm has a fifty day moving average of $9.57 and a two-hundred day moving average of $9.35. The company has a debt-to-equity ratio of 7.53, a current ratio of 17.69 and a quick ratio of 17.69. The company has a market capitalization of $232.30 million, a P/E ratio of 6.35 and a beta of 1.38. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend was Friday, August 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 83.12%.

About Angel Oak Mortgage REIT

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.