Jones Trading Reaffirms “Buy” Rating for Angel Oak Mortgage REIT (NYSE:AOMR)

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “buy” rating reaffirmed by research analysts at Jones Trading in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $12.50 price target on the stock. Jones Trading’s price objective points to a potential upside of 29.47% from the company’s previous close.

A number of other brokerages have also recently weighed in on AOMR. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday. Janney Montgomery Scott assumed 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 target price on the stock. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.08.

Angel Oak Mortgage REIT Trading Down 1.8 %

NYSE:AOMR opened at $9.66 on Tuesday. The stock has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $10.00. The company has a market capitalization of $227.00 million, a PE ratio of 3.28 and a beta of 1.47. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.32.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Angel Oak Mortgage REIT by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company’s stock worth $268,000 after purchasing an additional 1,730 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company’s stock valued at $60,000 after buying an additional 2,300 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Angel Oak Mortgage REIT in the third quarter worth $26,000. Barclays PLC boosted its stake in shares of Angel Oak Mortgage REIT by 19.8% in the 4th quarter. Barclays PLC now owns 18,945 shares of the company’s stock valued at $176,000 after purchasing an additional 3,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Angel Oak Mortgage REIT by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company’s stock valued at $375,000 after acquiring an additional 3,577 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

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.