Wells Fargo & Company Lowers Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $11.00

Angel Oak Mortgage REIT (NYSE:AOMR) had its price objective lowered by analysts at Wells Fargo & Company from $12.00 to $11.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 14.93% from the stock’s current price.

Several other equities research analysts have also recently issued reports on AOMR. B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Angel Oak Mortgage REIT Trading Down 2.6 %

Shares of NYSE:AOMR opened at $9.57 on Wednesday. Angel Oak Mortgage REIT has a 12-month low of $8.88 and a 12-month high of $13.32. The stock has a market cap of $225.02 million, a PE ratio of 3.26 and a beta of 1.47. The business has a 50 day moving average of $9.98 and a 200-day moving average of $10.00. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29.

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. Allspring Global Investments Holdings LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $40,000. Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $616,000. Jacobs Levy Equity Management Inc. bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $1,515,000. Jacobs Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $975,000. Finally, State Street Corp lifted its stake 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 worth $3,484,000 after purchasing an additional 10,909 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors.

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.