Angel Oak Mortgage REIT (NYSE:AOMR) Upgraded by B. Riley to “Buy” Rating

Angel Oak Mortgage REIT (NYSE:AOMR) was upgraded by stock analysts at B. Riley from a “neutral” rating to a “buy” rating in a research note issued on Monday,Benzinga reports. The brokerage presently has a $12.00 price objective on the stock. B. Riley’s target price points to a potential upside of 50.56% from the company’s previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company dropped their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Jones Trading reduced their price objective on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.75.

Angel Oak Mortgage REIT Price Performance

NYSE:AOMR traded up $0.06 during mid-day trading on Monday, hitting $7.97. The company’s stock had a trading volume of 57,767 shares, compared to its average volume of 131,262. 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 stock has a fifty day moving average of $9.32 and a 200-day moving average of $9.55. The company has a market capitalization of $187.30 million, a price-to-earnings ratio of 2.71 and a beta of 1.44. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $13.31.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Large investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Angel Oak Mortgage REIT by 3.4% in the 3rd quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after buying an additional 10,909 shares during the period. Jane Street Group LLC increased its holdings in shares of Angel Oak Mortgage REIT by 256.2% in the third quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after acquiring an additional 33,297 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at about $43,000. Barclays PLC grew its position in shares of Angel Oak Mortgage REIT by 294.4% in the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock valued at $165,000 after purchasing an additional 11,804 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Angel Oak Mortgage REIT by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after purchasing an additional 20,142 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

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.