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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 245,178 shares, a drop of 21.1% from the November 30th total of 310,872 shares. Based on an average daily volume of 93,797 shares, the short-interest ratio is currently 2.6 days. Approximately 1.0% of the company’s stock are short sold. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 93,797 shares, the short-interest ratio is currently 2.6 days.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock opened at $8.63 on Tuesday. The company has a current ratio of 6.83, a quick ratio of 6.83 and a debt-to-equity ratio of 6.87. The firm has a fifty day simple moving average of $8.85 and a 200-day simple moving average of $9.26. The stock has a market capitalization of $214.97 million, a price-to-earnings ratio of 12.15 and a beta of 1.36. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.26). The firm had revenue of $28.02 million during the quarter, compared to the consensus estimate of $10.68 million. Angel Oak Mortgage REIT had a return on equity of 6.42% and a net margin of 12.93%. On average, sell-side analysts expect that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.28 annualized dividend and a yield of 14.8%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 180.28%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AOMR. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. UBS Group dropped their price target on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen lowered shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter worth $25,000. BNP Paribas Financial Markets grew its position in Angel Oak Mortgage REIT by 343.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after purchasing an additional 3,042 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth about $88,000. State of Wyoming bought a new position in shares of Angel Oak Mortgage REIT during the 1st quarter worth about $116,000. Finally, Russell Investments Group Ltd. raised its position in shares of Angel Oak Mortgage REIT by 249.2% during the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock valued at $132,000 after buying an additional 9,994 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

About Angel Oak Mortgage REIT

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.