Angel Oak Mortgage REIT (NYSE:AOMR) Now Covered by Analysts at Janney Montgomery Scott

Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $13.00 price target on the stock. Janney Montgomery Scott’s target price would indicate a potential upside of 40.09% from the company’s previous close.

Separately, Wells Fargo & Company reduced their price target on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE AOMR opened at $9.28 on Thursday. The firm’s 50-day simple moving average is $9.43 and its 200 day simple moving average is $10.67. The stock has a market cap of $218.18 million, a P/E ratio of 3.16 and a beta of 1.46. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.31.

Insider Activity

In related news, Director W D. Minami bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the acquisition, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 12.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $1,515,000. Jacobs Asset Management LLC acquired a new position in Angel Oak Mortgage REIT in the 3rd quarter worth approximately $975,000. Wolverine Asset Management LLC purchased a new stake in Angel Oak Mortgage REIT in the 3rd quarter worth about $616,000. Jane Street Group LLC lifted its position in Angel Oak Mortgage REIT by 256.2% in the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after buying an additional 33,297 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Angel Oak Mortgage REIT by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock valued at $284,000 after buying an additional 20,142 shares during the period. Institutional investors and hedge funds 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.