Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Short Interest Up 47.4% in March

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 129,900 shares, a growth of 47.4% from the February 28th total of 88,100 shares. Based on an average daily volume of 132,500 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AOMR shares. Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a "buy" rating and a $13.00 target price for the company. Jones Trading reiterated a "buy" rating and set a $12.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT to a "hold" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT presently has an average rating of "Moderate Buy" and an average target price of $12.10.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in Angel Oak Mortgage REIT by 55.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after buying an additional 2,300 shares during the period. Alpine Global Management LLC bought a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at about $956,000. Two Sigma Advisers LP boosted its holdings in shares of Angel Oak Mortgage REIT by 37.6% during the fourth quarter. Two Sigma Advisers LP now owns 26,700 shares of the company's stock worth $248,000 after purchasing an additional 7,300 shares during the period. Millennium Management LLC grew its stake 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 purchasing an additional 34,977 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after purchasing an additional 4,282 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.

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Angel Oak Mortgage REIT Trading Down 2.3 %

AOMR stock traded down $0.22 during trading on Thursday, hitting $9.10. 129,998 shares of the company traded hands, compared to its average volume of 110,038. The company has a 50-day moving average of $9.95 and a 200-day moving average of $9.79. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT has a 1 year low of $8.88 and a 1 year high of $13.32. The firm has a market capitalization of $213.73 million, a PE ratio of 3.09 and a beta of 1.47.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.07%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 112.28%.

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.