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

Angel Oak Mortgage REIT (NYSE:AOMR) is set to issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The firm had revenue of $25.21 million for the quarter, compared to the consensus estimate of $26.60 million. Angel Oak Mortgage REIT had a net margin of 47.28% and a negative return on equity of 7.29%. 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 Up 0.1 %

NYSE:AOMR traded up $0.01 on Tuesday, reaching $12.29. 11,110 shares of the stock traded hands, compared to its average volume of 62,826. The company has a market capitalization of $307.25 million, a price-to-earnings ratio of 6.67 and a beta of 1.44. The company has a current ratio of 5.69, a quick ratio of 5.69 and a debt-to-equity ratio of 4.35. Angel Oak Mortgage REIT has a 12 month low of $7.60 and a 12 month high of $13.31. The company’s fifty day simple moving average is $12.19 and its 200 day simple moving average is $11.31.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.28 dividend on an annualized basis and a yield of 10.41%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 69.57%.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price target on shares of Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th.

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.