Angel Oak Mortgage REIT (NYSE:AOMR) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Angel Oak Mortgage REIT (NYSE:AOMR) released its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16, Zacks reports. Angel Oak Mortgage REIT had a net margin of 70.22% and a negative return on equity of 4.51%.

Angel Oak Mortgage REIT Stock Performance

Shares of Angel Oak Mortgage REIT stock opened at $9.56 on Tuesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT has a 52 week low of $8.88 and a 52 week high of $13.31. The stock has a market capitalization of $224.65 million, a price-to-earnings ratio of 3.25 and a beta of 1.48. The firm has a fifty day moving average of $9.96 and a two-hundred day moving average of $10.02.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 13.40%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 43.54%.

Analyst Ratings Changes

AOMR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price for the company. Finally, B. Riley raised shares of Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.20.

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.