Angel Oak Mortgage REIT (AOMR) Set to Announce Earnings on Tuesday

Angel Oak Mortgage REIT (NYSE:AOMR) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.44). Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. The company had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.19 million. On average, analysts expect Angel Oak Mortgage REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Angel Oak Mortgage REIT Stock Up 0.8 %

NYSE:AOMR opened at $11.21 on Monday. The company has a market cap of $279.91 million, a price-to-earnings ratio of 8.30 and a beta of 1.38. The company has a debt-to-equity ratio of 4.57, a quick ratio of 5.65 and a current ratio of 5.65. The stock’s fifty day moving average price is $10.72 and its two-hundred day moving average price is $10.37. Angel Oak Mortgage REIT has a 52-week low of $7.02 and a 52-week high of $11.92.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 11.42%. The ex-dividend date of this dividend was Wednesday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 94.81%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AOMR. Wells Fargo & Company upped their target price on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, March 6th. Finally, B. Riley reaffirmed a “neutral” rating and set a $12.00 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, March 26th.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.