UBS Group Boosts Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $10.50

Angel Oak Mortgage REIT (NYSE:AOMR) had its price objective increased by UBS Group from $10.00 to $10.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 9.15% from the company’s current price.

AOMR has been the subject of several other reports. B. Riley reiterated a “buy” rating and set a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. Jones Trading reiterated a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR opened at $9.62 on Thursday. The company has a market cap of $226.07 million, a price-to-earnings ratio of 6.41 and a beta of 1.38. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $12.94. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 6.38. The company has a 50 day moving average of $9.46 and a two-hundred day moving average of $9.48.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT by 265.5% in the 4th quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company’s stock valued at $3,170,000 after purchasing an additional 248,131 shares during the last quarter. CF Capital LLC purchased a new stake in Angel Oak Mortgage REIT during the 4th quarter worth approximately $1,095,000. Alpine Global Management LLC purchased a new stake in Angel Oak Mortgage REIT during the 4th quarter worth approximately $956,000. Bank of New York Mellon Corp increased its stake in Angel Oak Mortgage REIT by 100.2% during the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock worth $1,685,000 after buying an additional 90,844 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after buying an additional 72,555 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.