Short Interest in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Rises By 24.2%

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) was the recipient of a large growth in short interest in the month of 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 trading volume of 78,256 shares, the days-to-cover ratio is presently 4.7 days. Currently, 1.5% of the company’s stock are sold short.

Institutional Trading of Angel Oak Mortgage REIT

Large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Angel Oak Mortgage REIT in the 1st quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets lifted its holdings in shares of Angel Oak Mortgage REIT by 343.0% during the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after buying an additional 3,042 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at approximately $87,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at approximately $88,000. 80.15% of the stock is owned by institutional investors.

Angel Oak Mortgage REIT Stock Up 0.3%

AOMR traded up $0.03 during trading on Wednesday, reaching $8.25. 8,498 shares of the stock traded hands, compared to its average volume of 89,209. The stock’s 50-day simple moving average is $8.67 and its two-hundred day simple moving average is $8.89. The company has a debt-to-equity ratio of 7.49, a current ratio of 10.95 and a quick ratio of 10.95. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $10.34. The stock has a market cap of $205.47 million, a price-to-earnings ratio of 4.56 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company 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 research analysts expect that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.5%. The ex-dividend date of this dividend was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 70.72%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AOMR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. JonesTrading reaffirmed a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.08.

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.