Jones Trading Reiterates Buy Rating for Angel Oak Mortgage REIT (NYSE:AOMR)

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “buy” rating restated by stock analysts at Jones Trading in a report released on Tuesday,Benzinga reports. They currently have a $12.50 target price on the stock. Jones Trading’s price objective suggests a potential upside of 34.26% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of 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. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT presently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Angel Oak Mortgage REIT Trading Down 1.0 %

AOMR opened at $9.31 on Tuesday. 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 firm has a market cap of $218.79 million, a price-to-earnings ratio of 3.17 and a beta of 1.47. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.32. The stock has a fifty day moving average price of $9.97 and a 200-day moving average price of $9.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after buying an additional 2,300 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Angel Oak Mortgage REIT during the 4th quarter worth about $956,000. Two Sigma Advisers LP grew its stake in Angel Oak Mortgage REIT by 37.6% during the 4th quarter. Two Sigma Advisers LP now owns 26,700 shares of the company’s stock valued at $248,000 after purchasing an additional 7,300 shares during the last quarter. Millennium Management LLC grew its stake in Angel Oak Mortgage REIT by 52.0% during the 4th quarter. Millennium Management LLC now owns 102,221 shares of the company’s stock valued at $949,000 after purchasing an additional 34,977 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Angel Oak Mortgage REIT by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company’s stock valued at $137,000 after purchasing an additional 4,282 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.