Angel Oak Mortgage REIT (NYSE:AOMR) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also recently weighed in on AOMR. JonesTrading reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 4th. BTIG Research decreased their price target on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Weiss Ratings raised shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

View Our Latest Analysis on AOMR

Angel Oak Mortgage REIT Stock Up 0.2%

Shares of AOMR opened at $9.02 on Friday. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT has a 12 month low of $7.95 and a 12 month high of $10.14. The firm’s 50 day moving average is $8.76 and its 200-day moving average is $8.69. The stock has a market capitalization of $209.44 million, a PE ratio of 12.03 and a beta of 1.25.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of Angel Oak Mortgage REIT by 8.4% during the 3rd quarter. Lazard Asset Management LLC now owns 19,503 shares of the company’s stock valued at $183,000 after purchasing an additional 1,509 shares during the last quarter. State Street Corp boosted its position in Angel Oak Mortgage REIT by 0.4% in the fourth quarter. State Street Corp now owns 419,396 shares of the company’s stock valued at $3,611,000 after buying an additional 1,716 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Angel Oak Mortgage REIT by 6.6% during the first quarter. Renaissance Technologies LLC now owns 31,223 shares of the company’s stock worth $257,000 after buying an additional 1,923 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Angel Oak Mortgage REIT by 94.0% during the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock worth $33,000 after buying an additional 1,968 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Angel Oak Mortgage REIT by 23.1% during the first quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock worth $94,000 after buying an additional 2,155 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

About Angel Oak Mortgage REIT

(Get Free Report)

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.

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