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

Angel Oak Mortgage REIT (NYSE:AOMR) is projected to announce its earnings results before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $9.90 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Angel Oak Mortgage REIT Price Performance

NYSE:AOMR opened at $9.57 on Tuesday. The company has a market cap of $224.87 million, a P/E ratio of 3.25 and a beta of 1.47. The firm’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $10.09. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.38%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 43.54%.

Analysts Set New Price Targets

AOMR has been the subject of a number of research analyst reports. B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

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.