Angel Oak Mortgage REIT’s (AOMR) Buy Rating Reaffirmed at Jones Trading

Jones Trading reissued their buy rating on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research report sent to investors on Tuesday morning,Benzinga reports. Jones Trading currently has a $10.50 price objective on the stock.

A number of other research analysts have also recently issued reports on the company. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research note on Thursday, July 10th. B. Riley restated a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.60.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR opened at $8.67 on Tuesday. 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 stock has a market cap of $203.63 million, a P/E ratio of 5.78 and a beta of 1.38. The business’s 50 day moving average price is $9.33 and its 200-day moving average price is $9.46. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $12.61.

Institutional Trading of Angel Oak Mortgage REIT

Several institutional investors have recently added to or reduced their stakes in the business. Amundi lifted its holdings in shares of Angel Oak Mortgage REIT by 3.1% during the first quarter. Amundi now owns 423,180 shares of the company’s stock valued at $3,847,000 after purchasing an additional 12,848 shares in the last quarter. Jacobs Asset Management LLC lifted its stake in Angel Oak Mortgage REIT by 265.5% during the 4th quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company’s stock valued at $3,170,000 after acquiring an additional 248,131 shares during the period. Geode Capital Management LLC lifted its stake in Angel Oak Mortgage REIT by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 312,457 shares of the company’s stock valued at $2,901,000 after acquiring an additional 8,316 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Angel Oak Mortgage REIT by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company’s stock valued at $2,240,000 after acquiring an additional 53,463 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 160.3% in the second quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after acquiring an additional 138,090 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

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.