Angel Oak Mortgage REIT (NYSE:AOMR) Given “Buy” Rating at JonesTrading

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “buy” rating restated by equities research analysts at JonesTrading in a research note issued on Thursday,Benzinga reports. They presently have a $10.50 price objective on the stock. JonesTrading’s price target would suggest a potential upside of 26.52% from the company’s current price.

AOMR has been the topic of several other research reports. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen cut Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. UBS Group decreased their price target on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Angel Oak Mortgage REIT Stock Performance

NYSE:AOMR opened at $8.30 on Thursday. The company has a debt-to-equity ratio of 6.87, a current ratio of 6.83 and a quick ratio of 6.83. The firm has a market cap of $206.73 million, a price-to-earnings ratio of 11.69 and a beta of 1.36. The firm’s fifty day moving average price is $8.86 and its 200 day moving average price is $9.12. Angel Oak Mortgage REIT has a 1-year low of $7.36 and a 1-year high of $10.34.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its holdings in Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after acquiring an additional 72,555 shares in the last quarter. Jane Street Group LLC grew 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 purchasing an additional 9,012 shares during the last quarter. Strs Ohio purchased a new position in shares of Angel Oak Mortgage REIT during the 1st quarter worth approximately $25,000. Wolverine Asset Management LLC increased its stake in shares of Angel Oak Mortgage REIT by 160.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after purchasing an additional 138,090 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth approximately $189,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.