Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Given Average Rating of “Hold” by Brokerages

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.60.

A number of research firms have recently commented on AOMR. UBS Group set a $10.50 target price on Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, October 8th. Jones Trading restated a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Zacks Research cut Angel Oak Mortgage REIT from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Angel Oak Mortgage REIT Price Performance

NYSE:AOMR opened at $9.17 on Wednesday. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88. The company has a quick ratio of 17.69, a current ratio of 17.69 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $217.76 million, a PE ratio of 5.95 and a beta of 1.36. The stock’s 50-day moving average price is $9.48 and its 200-day moving average price is $9.43.

Insider Activity

In related news, CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total value of $489,000.00. Following the sale, the chief financial officer directly owned 70,488 shares in the company, valued at approximately $689,372.64. The trade was a 41.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.75, for a total value of $5,801,250.00. Following the completion of the sale, the insider owned 4,134,210 shares in the company, valued at approximately $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors have recently bought and sold shares of AOMR. North Ground Capital boosted its holdings in shares of Angel Oak Mortgage REIT by 94.4% during the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock worth $3,643,000 after purchasing an additional 188,836 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Angel Oak Mortgage REIT by 160.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after purchasing an additional 138,090 shares during the last quarter. Riverbridge Partners LLC acquired a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth approximately $765,000. Goldman Sachs Group Inc. boosted its holdings in shares of Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after purchasing an additional 72,555 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Angel Oak Mortgage REIT by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company’s stock worth $2,240,000 after purchasing an additional 53,463 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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.