Angel Oak Mortgage REIT’s (AOMR) Buy Rating Reiterated at JonesTrading

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “buy” rating restated by analysts at JonesTrading in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $10.50 target price on the stock. JonesTrading’s price objective indicates a potential upside of 26.52% from the company’s current price.

Other analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen cut shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Finally, UBS Group dropped their price target on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT currently has an average rating of “Moderate Buy” and a consensus target price of $11.06.

Angel Oak Mortgage REIT Trading Down 0.5%

AOMR stock opened at $8.30 on Thursday. The business’s 50-day moving average is $8.86 and its 200 day moving average is $9.12. Angel Oak Mortgage REIT has a 12-month low of $7.36 and a 12-month high of $10.34. 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 stock has a market cap of $206.73 million, a price-to-earnings ratio of 11.69 and a beta of 1.36.

Institutional Trading of Angel Oak Mortgage REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Angel Oak Mortgage REIT by 256.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock valued at $14,136,000 after buying an additional 1,085,507 shares during the period. Alpine Global Management LLC purchased a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $1,940,000. North Ground Capital increased its holdings in shares of Angel Oak Mortgage REIT by 94.4% in the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock valued at $3,643,000 after acquiring an additional 188,836 shares during the period. Wolverine Asset Management LLC increased its stake in 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 valued at $2,112,000 after purchasing an additional 138,090 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Angel Oak Mortgage REIT by 427.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after acquiring an additional 117,956 shares during the last quarter. 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 (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.