Angel Oak Mortgage REIT (AOMR) to Release Quarterly Earnings on Tuesday

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Angel Oak Mortgage REIT to post earnings of $0.16 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.44). The firm had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.19 million. Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. 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 Performance

AOMR traded down $0.29 during trading on Tuesday, hitting $10.53. The stock had a trading volume of 62,312 shares, compared to its average volume of 43,662. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 4.57. Angel Oak Mortgage REIT has a 12 month low of $7.02 and a 12 month high of $11.92. The company has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.31. The firm has a market cap of $262.93 million, a PE ratio of 7.80 and a beta of 1.40.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date was Wednesday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 94.81%.

Analysts Set New Price Targets

AOMR has been the subject of a number of recent analyst reports. Oppenheimer restated a "market perform" rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th. Wells Fargo & Company upped their price target on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Thursday, March 7th. Finally, B. Riley restated a "neutral" rating and set a $12.00 price target on shares of Angel Oak Mortgage REIT in a 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.