Angel Oak Mortgage REIT (NYSE:AOMR) Given Buy Rating at Jones Trading

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “buy” rating restated by research analysts at Jones Trading in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $12.50 target price on the stock. Jones Trading’s price target would suggest a potential upside of 32.21% from the stock’s previous close.

AOMR has been the subject of a number of other reports. B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Angel Oak Mortgage REIT presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Angel Oak Mortgage REIT Stock Down 0.8 %

Shares of NYSE:AOMR traded down $0.08 during trading on Tuesday, hitting $9.46. 30,367 shares of the company’s stock traded hands, compared to its average volume of 109,347. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The company has a market cap of $222.19 million, a price-to-earnings ratio of 3.22 and a beta of 1.47. The company has a 50-day moving average price of $10.00 and a 200-day moving average price of $9.80. Angel Oak Mortgage REIT has a 52 week low of $8.88 and a 52 week high of $13.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth about $43,000. BNP Paribas Financial Markets acquired a new position in Angel Oak Mortgage REIT in the 4th quarter valued at about $76,000. Voya Investment Management LLC bought a new position in Angel Oak Mortgage REIT in the 4th quarter valued at about $112,000. Finally, Lazard Asset Management LLC lifted its position in Angel Oak Mortgage REIT by 40.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock worth $137,000 after acquiring an additional 4,282 shares during the last quarter. 80.15% of the stock is currently 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.