Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) had its target price lifted by UBS Group from $10.00 to $10.50 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 12.50% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating and set a $12.00 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 26th. Wells Fargo & Company lifted their target price on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th.
Angel Oak Mortgage REIT Trading Up 0.3 %
Shares of Angel Oak Mortgage REIT stock opened at $12.00 on Tuesday. Angel Oak Mortgage REIT has a 1 year low of $7.26 and a 1 year high of $12.09. The company has a debt-to-equity ratio of 4.35, a current ratio of 5.69 and a quick ratio of 5.69. The business has a 50 day moving average price of $10.94 and a 200 day moving average price of $10.55. The company has a market capitalization of $299.64 million, a P/E ratio of 6.52 and a beta of 1.38.
Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.44). The company had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.19 million. Angel Oak Mortgage REIT had a negative return on equity of 7.29% and a net margin of 47.28%. Sell-side analysts anticipate that Angel Oak Mortgage REIT will post 0.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Angel Oak Mortgage REIT
Several institutional investors and hedge funds have recently bought and sold shares of AOMR. Gladius Capital Management LP acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC raised its position in shares of Angel Oak Mortgage REIT by 54.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $35,000 after buying an additional 1,152 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Angel Oak Mortgage REIT in the first quarter valued at $50,000. Nisa Investment Advisors LLC grew its position in Angel Oak Mortgage REIT by 19.2% during the third quarter. Nisa Investment Advisors LLC now owns 9,075 shares of the company’s stock valued at $77,000 after acquiring an additional 1,460 shares during the period. Finally, Rappaport Reiches Capital Management LLC acquired a new stake in Angel Oak Mortgage REIT during the fourth quarter worth about $190,000. 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.
Further Reading
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