UBS Group Lowers Angel Oak Mortgage REIT (NYSE:AOMR) Price Target to $9.75

Angel Oak Mortgage REIT (NYSE:AOMR) had its price target lowered by stock analysts at UBS Group from $10.00 to $9.75 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 17.05% from the company’s current price.

A number of other equities research analysts have also recently commented on AOMR. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Wall Street Zen cut Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Jones Trading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. Finally, Zacks Research raised Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.45.

Angel Oak Mortgage REIT Price Performance

Angel Oak Mortgage REIT stock traded down $0.56 during midday trading on Tuesday, hitting $8.33. 282,771 shares of the company’s stock were exchanged, compared to its average volume of 131,347. The company has a market cap of $207.50 million, a P/E ratio of 11.70 and a beta of 1.36. The company has a debt-to-equity ratio of 6.87, a quick ratio of 6.83 and a current ratio of 6.83. The stock has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $9.44. Angel Oak Mortgage REIT has a 52-week low of $7.36 and a 52-week high of $10.88.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. The business had revenue of $28.02 million for the quarter, compared to the consensus estimate of $10.68 million. On average, equities research analysts forecast that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 4,134,210 shares in the company, valued at approximately $40,308,547.50. This represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brandon Filson sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the sale, the chief financial officer owned 70,488 shares in the company, valued at $689,372.64. This trade represents a 41.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Angel Oak Mortgage REIT

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake 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 worth $14,136,000 after purchasing an additional 1,085,507 shares during the period. North Ground Capital raised its position 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 valued at $3,643,000 after buying an additional 188,836 shares during the period. Wolverine Asset Management LLC raised its position 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 valued at $2,112,000 after buying an additional 138,090 shares during the period. JPMorgan Chase & Co. grew its position in Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock worth $1,364,000 after acquiring an additional 117,956 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Angel Oak Mortgage REIT by 584.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock worth $972,000 after acquiring an additional 88,596 shares during the last quarter. 80.15% of the stock is currently owned by hedge funds and other 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.