Angel Oak Mortgage REIT (NYSE:AOMR) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

Angel Oak Mortgage REIT (NYSE:AOMR) had its price target cut by equities research analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 11.73% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Angel Oak Mortgage REIT Trading Up 0.4 %

Shares of NYSE:AOMR traded up $0.04 during midday trading on Wednesday, reaching $9.85. The company’s stock had a trading volume of 129,796 shares, compared to its average volume of 103,257. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The firm has a market capitalization of $231.47 million, a price-to-earnings ratio of 3.35 and a beta of 1.48. The firm has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $10.00.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently modified their holdings of the company. Jacobs Asset Management LLC increased its position in shares of Angel Oak Mortgage REIT by 265.5% during the fourth quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company’s stock valued at $3,170,000 after acquiring an additional 248,131 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at $1,515,000. CF Capital LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter valued at $1,095,000. Alpine Global Management LLC bought a new stake in shares of Angel Oak Mortgage REIT during the 4th quarter worth $956,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Angel Oak Mortgage REIT by 100.2% in the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company’s stock worth $1,685,000 after buying an additional 90,844 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.