Fintel reports that on October 1, 2024, Jones Trading initiated coverage of Angel Oak Mortgage REIT (NYSE:AOMR) with a Buy recommendation.
Analyst Price Forecast Suggests 21.02% Upside
As of September 25, 2024, the average one-year price target for Angel Oak Mortgage REIT is $12.62/share. The forecasts range from a low of $11.11 to a high of $14.18. The average price target represents an increase of 21.02% from its latest reported closing price of $10.43 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Angel Oak Mortgage REIT is 61MM, a decrease of 11.88%. The projected annual non-GAAP EPS is 1.38.
What is the Fund Sentiment?
There are 136 funds or institutions reporting positions in Angel Oak Mortgage REIT. This is an increase of 10 owner(s) or 7.94% in the last quarter. Average portfolio weight of all funds dedicated to AOMR is 0.06%, an increase of 8.82%. Total shares owned by institutions increased in the last three months by 34.80% to 20,629K shares.
What are Other Shareholders Doing?
Davidson Kempner Capital Management holds 7,390K shares representing 31.68% ownership of the company. No change in the last quarter.
Canada Pension Plan Investment Board holds 2,105K shares representing 9.03% ownership of the company. No change in the last quarter.
Masters Capital Management holds 1,115K shares representing 4.78% ownership of the company. In its prior filing, the firm reported owning 1,150K shares , representing a decrease of 3.14%. The firm increased its portfolio allocation in AOMR by 63.62% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 473K shares representing 2.03% ownership of the company. No change in the last quarter.
Amundi holds 410K shares representing 1.76% ownership of the company. No change in the last quarter.
Angel Oak Mortgage Background Information
(This description is provided by the company.)
Angel Oak Mortgage, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company’s objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with a vertically integrated mortgage origination platform.
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