Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) had its target price lowered by equities researchers at BTIG Research from $13.50 to $10.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 17.66% from the stock’s previous close.
A number of other research analysts have also recently issued reports on AOMR. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. JonesTrading restated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Angel Oak Mortgage REIT currently has an average rating of “Hold” and a consensus target price of $10.08.
Read Our Latest Stock Analysis on Angel Oak Mortgage REIT
Angel Oak Mortgage REIT Stock Up 2.5%
Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The company had revenue of ($2.20) million for the quarter, compared to analysts’ expectations of $11.14 million. Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. On average, research analysts anticipate that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current fiscal year.
Institutional Trading of Angel Oak Mortgage REIT
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Angel Oak Mortgage REIT by 256.5% during the third quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock valued at $14,136,000 after acquiring an additional 1,085,507 shares during the last quarter. JPMorgan Chase & Co. increased its position in Angel Oak Mortgage REIT by 427.2% during the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after acquiring an additional 117,956 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Angel Oak Mortgage REIT during the third quarter valued at $1,940,000. Riverbridge Partners LLC increased its position in Angel Oak Mortgage REIT by 120.3% during the fourth quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock valued at $1,574,000 after acquiring an additional 99,811 shares during the last quarter. Finally, Jacobs Asset Management LLC increased its position in Angel Oak Mortgage REIT by 43.8% during the fourth quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock valued at $2,475,000 after acquiring an additional 87,500 shares during 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 (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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