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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 364,670 shares, a growth of 24.2% from the February 26th total of 293,587 shares. Based on an average daily trading volume, of 78,256 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AOMR shares. JonesTrading reissued a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.08.

Angel Oak Mortgage REIT Stock Up 2.8%

AOMR stock traded up $0.22 during midday trading on Monday, hitting $8.18. The company’s stock had a trading volume of 48,821 shares, compared to its average volume of 91,485. The firm has a 50-day simple moving average of $8.71 and a 200-day simple moving average of $8.91. The firm has a market capitalization of $203.83 million, a P/E ratio of 4.52 and a beta of 1.36. The company has a quick ratio of 10.95, a current ratio of 10.95 and a debt-to-equity ratio of 7.49. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $16.70 million for the quarter, compared to analyst estimates of $11.33 million. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%. As a group, equities analysts forecast that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 20th. This represents a $1.28 annualized dividend and a yield of 15.6%. Angel Oak Mortgage REIT’s dividend payout ratio is 70.72%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Angel Oak Mortgage REIT during the first quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Angel Oak Mortgage REIT in the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets lifted its stake in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after acquiring an additional 3,042 shares during the last quarter. Marshall Wace LLP acquired a new position in Angel Oak Mortgage REIT during the 4th quarter worth approximately $87,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $88,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.