Angel Oak Mortgage REIT (NYSE:AOMR) Downgraded by Wall Street Zen to Sell

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

A number of other analysts also recently issued reports on AOMR. UBS Group set a $10.50 price target on shares of Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Thursday, July 10th. Jones Trading reissued a "buy" rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Finally, B. Riley restated a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.92.

Angel Oak Mortgage REIT Trading Down 0.6%

Shares of NYSE:AOMR opened at $9.36 on Friday. The company has a debt-to-equity ratio of 6.38, a current ratio of 5.96 and a quick ratio of 5.96. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $12.94. The company has a market cap of $219.96 million, a P/E ratio of 6.24 and a beta of 1.38. The stock's fifty day moving average price is $9.42 and its 200-day moving average price is $9.48.

Institutional Trading of Angel Oak Mortgage REIT

Hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC bought a new position in shares of Angel Oak Mortgage REIT in the second quarter worth approximately $765,000. Goldman Sachs Group Inc. boosted its holdings in Angel Oak Mortgage REIT by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company's stock worth $1,519,000 after buying an additional 72,555 shares during the period. Voya Investment Management LLC increased its stake in Angel Oak Mortgage REIT by 67.3% in the 1st quarter. Voya Investment Management LLC now owns 20,109 shares of the company's stock worth $192,000 after buying an additional 8,087 shares in the last quarter. Strs Ohio bought a new stake in Angel Oak Mortgage REIT during the first quarter valued at about $25,000. Finally, Jane Street Group LLC lifted its position in shares of Angel Oak Mortgage REIT by 23.6% in the first quarter. Jane Street Group LLC now owns 47,219 shares of the company's stock valued at $450,000 after acquiring an additional 9,012 shares in the last quarter. Institutional investors own 80.15% of the company's stock.

About Angel Oak Mortgage REIT

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.

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