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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 94,300 shares, a decrease of 24.9% from the January 15th total of 125,600 shares. Based on an average trading volume of 93,400 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. B. Riley upgraded shares of Angel Oak Mortgage REIT to a "hold" rating in a research note on Tuesday, January 7th. Finally, Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.20.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR traded down $0.21 during trading hours on Monday, hitting $10.58. The stock had a trading volume of 231,435 shares, compared to its average volume of 53,125. The firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $10.17. The firm has a market capitalization of $248.67 million, a price-to-earnings ratio of 3.60 and a beta of 1.48. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 12.10%. Angel Oak Mortgage REIT's dividend payout ratio is presently 43.54%.

Institutional Trading of Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Angel Oak Mortgage REIT by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after buying an additional 1,730 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter worth approximately $26,000. Barclays PLC increased its position in shares of Angel Oak Mortgage REIT by 19.8% during the fourth quarter. Barclays PLC now owns 18,945 shares of the company's stock worth $176,000 after purchasing an additional 3,132 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Angel Oak Mortgage REIT by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock valued at $375,000 after purchasing an additional 3,577 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth $40,000. 80.15% of the stock is owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Company Profile

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.