Angel Oak Mortgage REIT (NYSE:AOMR) Upgraded by B. Riley to “Buy” Rating

Angel Oak Mortgage REIT (NYSE:AOMR) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $12.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 50.56% from the stock’s previous close.

AOMR has been the topic of several other reports. Wells Fargo & Company dropped their target price on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Jones Trading lowered their price target on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a “buy” rating on the stock in a report on Thursday. Finally, Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.75.

Angel Oak Mortgage REIT Trading Up 0.8 %

Shares of NYSE AOMR traded up $0.06 during mid-day trading on Monday, hitting $7.97. 57,767 shares of the company traded hands, compared to its average volume of 131,262. 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 1 year low of $7.36 and a 1 year high of $13.31. The stock has a market capitalization of $187.30 million, a price-to-earnings ratio of 2.71 and a beta of 1.44. The business has a 50 day moving average of $9.32 and a two-hundred day moving average of $9.55.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Large investors have recently made changes to their positions in the business. Ritholtz Wealth Management boosted its position in shares of Angel Oak Mortgage REIT by 162.4% in the first quarter. Ritholtz Wealth Management now owns 92,561 shares of the company’s stock valued at $882,000 after acquiring an additional 57,283 shares during the period. Sanders Morris Harris LLC bought a new position in shares of Angel Oak Mortgage REIT during the 1st quarter worth about $152,000. Public Employees Retirement System of Ohio raised its position in shares of Angel Oak Mortgage REIT by 55.2% during the fourth 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 during the last quarter. Alpine Global Management LLC acquired a new stake in Angel Oak Mortgage REIT during the fourth quarter worth about $956,000. Finally, Two Sigma Advisers LP increased its stake in Angel Oak Mortgage REIT by 37.6% during the fourth quarter. Two Sigma Advisers LP now owns 26,700 shares of the company’s stock valued at $248,000 after acquiring an additional 7,300 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.