Angel Oak Mortgage REIT (NYSE:AOMR) Upgraded to “Hold” at Wall Street Zen

Angel Oak Mortgage REIT (NYSE:AOMR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. UBS Group set a $10.50 price target on shares of Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Jones Trading restated a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday. Finally, B. Riley reiterated a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.60.

Angel Oak Mortgage REIT Trading Up 1.9%

NYSE:AOMR opened at $9.14 on Friday. The company has a debt-to-equity ratio of 7.53, a quick ratio of 5.96 and a current ratio of 17.69. The firm has a market cap of $217.17 million, a price-to-earnings ratio of 5.94 and a beta of 1.38. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $12.25. The firm has a 50-day moving average price of $9.32 and a two-hundred day moving average price of $9.44.

Institutional Trading of Angel Oak Mortgage REIT

Large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Angel Oak Mortgage REIT in the first quarter worth about $25,000. National Bank of Canada FI grew its holdings in Angel Oak Mortgage REIT by 140.0% in the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company’s stock worth $56,000 after purchasing an additional 3,500 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Angel Oak Mortgage REIT by 55.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock worth $60,000 after buying an additional 2,300 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Angel Oak Mortgage REIT in the fourth quarter worth approximately $76,000. Finally, M&T Bank Corp bought a new position in shares of Angel Oak Mortgage REIT in the first quarter worth approximately $110,000. 80.15% of the stock is owned by 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.