Angel Oak Mortgage REIT (NYSE:AOMR) Stock Rating Reaffirmed by B. Riley

Angel Oak Mortgage REIT (NYSE:AOMR)‘s stock had its “neutral” rating restated by stock analysts at B. Riley in a research report issued on Tuesday, Benzinga reports. They currently have a $12.00 target price on the stock. B. Riley’s price objective would indicate a potential upside of 9.39% from the company’s previous close.

AOMR has been the subject of a number of other research reports. Oppenheimer reiterated a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th. Wells Fargo & Company raised their price objective on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

Angel Oak Mortgage REIT Stock Up 1.1 %

AOMR stock opened at $10.97 on Tuesday. The stock has a market capitalization of $273.92 million, a P/E ratio of 8.13 and a beta of 1.40. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 4.57. Angel Oak Mortgage REIT has a 12 month low of $7.02 and a 12 month high of $11.60. The firm has a 50-day moving average price of $10.60 and a 200-day moving average price of $9.92.

Institutional Trading of Angel Oak Mortgage REIT

Several hedge funds have recently bought and sold shares of AOMR. Goldman Sachs Group Inc. grew its position in Angel Oak Mortgage REIT by 79.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,022 shares of the company’s stock valued at $14,031,000 after purchasing an additional 377,299 shares during the period. Masters Capital Management LLC grew its position in Angel Oak Mortgage REIT by 47.1% in the 4th quarter. Masters Capital Management LLC now owns 1,000,000 shares of the company’s stock valued at $4,730,000 after purchasing an additional 320,067 shares during the period. Vanguard Group Inc. grew its position in Angel Oak Mortgage REIT by 59.3% in the 3rd quarter. Vanguard Group Inc. now owns 567,864 shares of the company’s stock valued at $6,804,000 after purchasing an additional 211,480 shares during the period. BlackRock Inc. grew its position in Angel Oak Mortgage REIT by 25.2% in the 3rd quarter. BlackRock Inc. now owns 882,814 shares of the company’s stock valued at $10,576,000 after purchasing an additional 177,490 shares during the period. Finally, State Street Corp grew its position in Angel Oak Mortgage REIT by 50.3% in the 2nd quarter. State Street Corp now owns 186,139 shares of the company’s stock valued at $2,412,000 after purchasing an additional 62,264 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.