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

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

Angel Oak Mortgage REIT Price Performance

Angel Oak Mortgage REIT stock opened at $9.56 on Tuesday. The stock has a market capitalization of $224.65 million, a P/E ratio of 3.25 and a beta of 1.48. The company’s fifty day moving average price is $9.96 and its 200 day moving average price is $10.02. 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 1 year low of $8.88 and a 1 year high of $13.31.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.40%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 43.54%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AOMR shares. Janney Montgomery Scott began coverage on Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target for the company. Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.