Jones Trading Cuts Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $10.50

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) had its price target lowered by Jones Trading from $12.50 to $10.50 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jones Trading's price target points to a potential upside of 28.76% from the company's previous close.

AOMR has been the topic of a number of other research reports. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a "buy" rating and a $13.00 target price on the stock. B. Riley raised Angel Oak Mortgage REIT to a "hold" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.75.

Angel Oak Mortgage REIT Stock Performance

AOMR traded up $0.13 during trading hours on Thursday, hitting $8.16. The stock had a trading volume of 36,107 shares, compared to its average volume of 130,487. The stock has a market cap of $191.64 million, a PE ratio of 2.77 and a beta of 1.44. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $13.31. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The company's fifty day simple moving average is $9.27 and its 200 day simple moving average is $9.54.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Angel Oak Mortgage REIT by 3.4% in the third quarter. State Street Corp now owns 333,989 shares of the company's stock worth $3,484,000 after buying an additional 10,909 shares during the period. Jane Street Group LLC lifted its position in Angel Oak Mortgage REIT by 256.2% in the third quarter. Jane Street Group LLC now owns 46,293 shares of the company's stock valued at $483,000 after purchasing an additional 33,297 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Angel Oak Mortgage REIT during the third quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Angel Oak Mortgage REIT in the third quarter worth approximately $43,000. Finally, Barclays PLC raised its holdings in Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company's stock valued at $165,000 after buying an additional 11,804 shares during 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.