Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) posted its earnings results on Monday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.11), Zacks reports. The business had revenue of $46.31 million for the quarter, compared to analysts' expectations of $10.66 million. Angel Oak Mortgage REIT had a negative return on equity of 4.51% and a net margin of 70.22%.
Angel Oak Mortgage REIT Trading Up 1.7 %
Angel Oak Mortgage REIT stock traded up $0.17 during mid-day trading on Friday, hitting $10.10. The company's stock had a trading volume of 119,748 shares, compared to its average volume of 119,203. The business has a 50 day moving average price of $9.04 and a 200-day moving average price of $9.49. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT has a 12 month low of $7.36 and a 12 month high of $13.32. The stock has a market cap of $237.35 million, a price-to-earnings ratio of 3.44 and a beta of 1.44.
Angel Oak Mortgage REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 12.67%. The ex-dividend date of this dividend is Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio is currently 112.28%.
Analyst Ratings Changes
Several research analysts recently weighed in on AOMR shares. B. Riley upgraded shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price objective on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Jones Trading reaffirmed a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.75.
View Our Latest Stock Report on AOMR
About Angel Oak Mortgage REIT
(
Get Free Report)
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.
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