Angel Oak Mortgage REIT initiated with a Buy at JonesResearch

JonesResearch initiated coverage of Angel Oak Mortgage REIT with a Buy rating and $12.50 price target The company is positioned to benefit from the expected increase in transaction activity given its ability to acquire loans within its investment box, “offering strong risk-adjusted returns for shareholders,” the analyst tells investors in a research note. The firm says Angel Oak has a unique wholesale mortgage origination channel with a national footprint and several thousand partners, providing it the ability to selectively acquire loans fitting its preferred investment criteria.