Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) had its price objective cut by stock analysts at Jones Trading from $12.50 to $10.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jones Trading's price objective suggests a potential upside of 32.58% from the stock's current price.
Several other research analysts also recently issued reports on AOMR. Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a "buy" rating and a $13.00 price objective 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 price objective on 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.70.
Get Our Latest Report on AOMR
Angel Oak Mortgage REIT Stock Performance
Shares of AOMR stock traded up $0.16 during trading hours on Thursday, hitting $7.92. The stock had a trading volume of 53,335 shares, compared to its average volume of 115,271. The stock's 50 day moving average is $9.32 and its 200 day moving average is $9.56. The firm has a market capitalization of $186.12 million, a PE ratio of 2.69 and a beta of 1.44. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $13.32. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76.
Hedge Funds Weigh In On Angel Oak Mortgage REIT
Large investors have recently modified their holdings of the business. National Bank of Canada FI acquired a new stake in Angel Oak Mortgage REIT in the third quarter valued at $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at about $76,000. Voya Investment Management LLC purchased a new stake in Angel Oak Mortgage REIT during the fourth quarter worth about $112,000. Finally, Lazard Asset Management LLC grew its position in Angel Oak Mortgage REIT by 40.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock worth $137,000 after buying an additional 4,282 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.
About Angel Oak Mortgage REIT
(
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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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