Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.11), Zacks reports. Angel Oak Mortgage REIT had a net margin of 70.22% and a negative return on equity of 4.51%. The firm had revenue of $46.31 million for the quarter, compared to analyst estimates of $10.66 million.
Angel Oak Mortgage REIT Stock Performance
AOMR stock traded down $0.02 on Wednesday, reaching $9.73. 88,633 shares of the company were exchanged, compared to its average volume of 118,572. 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's fifty day moving average price is $9.03 and its 200 day moving average price is $9.49. The firm has a market capitalization of $228.63 million, a PE ratio of 3.31 and a beta of 1.44.
Angel Oak Mortgage REIT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.16%. The ex-dividend date is Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio is 112.28%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Jones Trading restated a "buy" rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday. B. Riley upgraded Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company dropped their target price on 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.75.
View Our Latest Analysis on Angel Oak Mortgage REIT
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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