Angel Oak Mortgage REIT (NYSE:AOMR – Get Free Report)‘s stock had its “neutral” rating reissued by B. Riley in a research note issued on Tuesday, Benzinga reports. They presently have a $12.00 target price on the stock. B. Riley’s target price suggests a potential upside of 9.39% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective 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. Oppenheimer reissued a “market perform” rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, March 6th.
Check Out Our Latest Stock Analysis on AOMR
Angel Oak Mortgage REIT Trading Up 1.1 %
Hedge Funds Weigh In On Angel Oak Mortgage REIT
A number of hedge funds have recently made changes to their positions in AOMR. Citigroup Inc. purchased a new stake in Angel Oak Mortgage REIT during the 2nd quarter worth $29,000. Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth $32,000. Tower Research Capital LLC TRC increased its stake in Angel Oak Mortgage REIT by 54.7% during 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. Barclays PLC increased its stake in Angel Oak Mortgage REIT by 88.5% during the 1st quarter. Barclays PLC now owns 6,038 shares of the company’s stock worth $44,000 after buying an additional 2,834 shares during the period. Finally, Deutsche Bank AG increased its stake in Angel Oak Mortgage REIT by 34.5% during the 1st quarter. Deutsche Bank AG now owns 7,449 shares of the company’s stock worth $54,000 after buying an additional 1,910 shares during the period. 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.
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