B of A Securities Downgrades Angel Oak Mortgage: Here's What You Need To Know

B of A Securities downgraded its rating of Angel Oak Mortgage AOMR to Underperform with a price target of $6.50, changing its price target from $15.50 to $6.50.

Shares of Angel Oak Mortgage are trading down 5.42% over the last 24 hours, at $6.29 per share.

A move to $6.50 would account for a 3.34% increase from the current share price.

About Angel Oak Mortgage

Angel Oak Mortgage Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.