Angel Oak Mortgage REIT (AOMR) Scheduled to Post Earnings on Tuesday

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

Angel Oak Mortgage REIT (NYSE:AOMR) last released its 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 analysts’ expectations 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 Price Performance

Shares of NYSE AOMR opened at $11.21 on Monday. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 4.57. The stock has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $10.37. Angel Oak Mortgage REIT has a 1-year low of $7.02 and a 1-year high of $11.92. The firm has a market cap of $279.91 million, a price-to-earnings ratio of 8.30 and a beta of 1.38.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a 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 currently 94.81%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AOMR. B. Riley reiterated a “neutral” rating and set a $12.00 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, March 26th. Wells Fargo & Company raised their price objective on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Finally, Oppenheimer reissued a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th.

About Angel Oak Mortgage REIT

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.