Angel Oak Mortgage REIT (NYSE:AOMR) Given New $10.50 Price Target at Jones Trading

Angel Oak Mortgage REIT (NYSE:AOMR) had its target price cut by stock analysts at Jones Trading from $12.50 to $10.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jones Trading’s target price would indicate a potential upside of 32.58% from the stock’s previous close.

Several other equities analysts also recently issued reports on AOMR. Wells Fargo & Company decreased their price objective on shares of 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. B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT has an average rating of “Moderate Buy” and a consensus target price of $11.70.

Angel Oak Mortgage REIT Trading Up 2.1 %

Shares of Angel Oak Mortgage REIT stock opened at $7.92 on Thursday. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The company has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $9.56. The stock has a market cap of $186.12 million, a price-to-earnings ratio of 2.69 and a beta of 1.44. Angel Oak Mortgage REIT has a 12-month low of $7.36 and a 12-month high of $13.32.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AOMR. National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the 3rd quarter worth $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter worth $76,000. Voya Investment Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at about $112,000. Finally, Lazard Asset Management LLC increased its stake in shares of 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 acquiring an additional 4,282 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

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.