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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 257,969 shares, a growth of 20.7% from the January 29th total of 213,710 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,795 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily trading volume, of 69,795 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.1% of the shares of the stock are sold short.

Angel Oak Mortgage REIT Trading Down 0.7%

AOMR opened at $8.65 on Wednesday. The company has a market cap of $215.47 million, a P/E ratio of 4.78 and a beta of 1.36. 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 company’s 50 day moving average is $8.85 and its 200-day moving average is $9.10. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.22%. The business had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. Equities research analysts predict that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio is presently 70.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AOMR shares. UBS Group cut their target price on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. 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. Wall Street Zen downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Angel Oak Mortgage REIT currently has an average rating of “Moderate Buy” and an average price target of $11.06.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Angel Oak Mortgage REIT by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after purchasing an additional 72,555 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Angel Oak Mortgage REIT by 23.6% in the first quarter. Jane Street Group LLC now owns 47,219 shares of the company’s stock valued at $450,000 after buying an additional 9,012 shares during the period. Strs Ohio bought a new position in Angel Oak Mortgage REIT in the 1st quarter valued at approximately $25,000. Campbell & CO Investment Adviser LLC acquired a new stake in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $189,000. Finally, Geode Capital Management LLC grew its holdings in Angel Oak Mortgage REIT by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 321,084 shares of the company’s stock worth $3,025,000 after acquiring an additional 5,312 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.