Wells Fargo & Company Cuts Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $11.00

Angel Oak Mortgage REIT (NYSE:AOMR) had its price target cut by investment analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 14.93% from the stock’s current price.

AOMR has been the subject of several other reports. Janney Montgomery Scott initiated coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target for the company. B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Angel Oak Mortgage REIT Stock Down 2.6 %

Shares of NYSE:AOMR opened at $9.57 on Wednesday. The company has a fifty day moving average of $9.98 and a 200-day moving average of $10.00. The company has a market capitalization of $225.02 million, a PE ratio of 3.26 and a beta of 1.47. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.32.

Institutional Trading of Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the company. National Bank of Canada FI bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at $26,000. Allspring Global Investments Holdings LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at $40,000. Public Employees Retirement System of Ohio bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at $43,000. BNP Paribas Financial Markets bought a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at $76,000. Finally, Voya Investment Management LLC bought a new stake in Angel Oak Mortgage REIT during the fourth quarter valued at $112,000. 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.