B. Riley analyst Randy Binner raised the firm’s price target on Angel Oak Mortgage REIT (AOMR) to $13 from $12 and keeps a Buy rating on the shares. The company’s capital raise is well-timed, as Angel stands to benefit from a steeper yield curve, the analyst tells investors in a research note. The firm says the rate environment is becoming more supportive for the mortgage real estate investment trust space overall.
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