Angel Oak Mortgage (AOMR) Receives Buy Rating from B. Riley | AOMR Stock News

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4 days ago

B. Riley has upgraded Angel Oak Mortgage REIT (AOMR, Financial) from a Neutral to a Buy rating, maintaining a price target of $12. This decision is based on the stock's attractive dividend yield of 16% and a projected return of 52% to the target, creating a compelling risk/reward scenario.

The financial firm expects Angel Oak to report a strong quarter in terms of net interest income, benefiting from its strategic portfolio composition. The company has implemented measures to protect against prepayment and refinancing risks, with mortgages in their portfolio generally offering higher coupons.

B. Riley has expressed confidence in the residential mortgage sector as a favorable area in terms of credit risk, further supporting their positive stance on Angel Oak Mortgage REIT (AOMR, Financial).

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