Angel Oak Mortgage REIT (NYSE:AOMR) Given "Buy" Rating at Jones Trading

Key Points

• Angel Oak Mortgage REIT's stock received a reaffirmed "buy" rating from Jones Trading, with a price target of $10.50, indicating a potential upside of 21.18% from its previous close.
• While Jones Trading maintains a positive outlook, other analysts have varied ratings, including a "sell" from Wall Street Zen and a neutral rating from UBS Group, reflecting mixed sentiments about the stock.
• Institutional investors have shown increasing interest, with Wolverine Asset Management boosting its stake by 160.3% and 80.15% of the stock now owned by institutional investors.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Jones Trading in a report released on Tuesday,Benzinga reports. They presently have a $10.50 price objective on the stock. Jones Trading's target price would indicate a potential upside of 14.88% from the stock's current price.

AOMR has been the subject of a number of other research reports. Wall Street Zen cut Angel Oak Mortgage REIT from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Finally, B. Riley reaffirmed a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.60.

Angel Oak Mortgage REIT Stock Up 1.9%

Shares of AOMR stock traded up $0.17 on Tuesday, reaching $9.14. 101,660 shares of the company's stock traded hands, compared to its average volume of 80,348. The company has a market capitalization of $217.17 million, a P/E ratio of 5.94 and a beta of 1.38. Angel Oak Mortgage REIT has a 12-month low of $7.36 and a 12-month high of $12.25. The company has a debt-to-equity ratio of 7.53, a quick ratio of 5.96 and a current ratio of 17.69. The business's 50 day moving average price is $9.32 and its two-hundred day moving average price is $9.44.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Angel Oak Mortgage REIT by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock worth $268,000 after purchasing an additional 1,730 shares during the period. Public Employees Retirement System of Ohio increased its stake in 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 acquiring an additional 2,300 shares during the period. Strs Ohio bought a new position in Angel Oak Mortgage REIT during the first quarter valued at about $25,000. Barclays PLC increased its stake in Angel Oak Mortgage REIT by 19.8% during the fourth quarter. Barclays PLC now owns 18,945 shares of the company's stock valued at $176,000 after acquiring an additional 3,132 shares during the period. Finally, National Bank of Canada FI increased its stake in Angel Oak Mortgage REIT by 140.0% during the fourth quarter. National Bank of Canada FI now owns 6,000 shares of the company's stock valued at $56,000 after acquiring an additional 3,500 shares during the period. 80.15% of the stock is currently owned by institutional investors.

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.