Angel Oak Mortgage REIT (NYSE:AOMR) Coverage Initiated by Analysts at Janney Montgomery Scott

Stock analysts at Janney Montgomery Scott started coverage on shares of Angel Oak Mortgage REIT (NYSE:AOMR) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $13.00 price target on the stock. Janney Montgomery Scott’s price target suggests a potential upside of 36.41% from the company’s previous close.

Separately, Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.20.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE AOMR opened at $9.53 on Thursday. The company has a 50 day simple moving average of $9.43 and a two-hundred day simple moving average of $10.64. The stock has a market cap of $224.06 million, a price-to-earnings ratio of 3.24 and a beta of 1.46. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31.

Insider Activity

In other Angel Oak Mortgage REIT news, Director W D. Minami bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the transaction, the director now directly owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This represents a 12.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOMR. State Street Corp lifted its holdings in Angel Oak Mortgage REIT by 3.4% during the third quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after purchasing an additional 10,909 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth about $1,515,000. Jacobs Asset Management LLC purchased a new position in Angel Oak Mortgage REIT in the 3rd quarter valued at about $975,000. Wolverine Asset Management LLC acquired a new stake in Angel Oak Mortgage REIT in the 3rd quarter worth about $616,000. Finally, Ritholtz Wealth Management increased its stake in Angel Oak Mortgage REIT by 32.3% during the 3rd quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock worth $541,000 after buying an additional 12,650 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

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.