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

Angel Oak Mortgage REIT (NYSE:AOMR) issued its quarterly earnings data on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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

NYSE:AOMR 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 firm’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $10.02. The firm has a market cap of $224.65 million, a price-to-earnings ratio of 3.25 and a beta of 1.48.

Angel Oak Mortgage REIT Announces Dividend

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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.40%. The ex-dividend date was Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio is 43.54%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AOMR. Janney Montgomery Scott initiated coverage on shares of 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 cut their price objective on shares of 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. Finally, B. Riley raised 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.