Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Angel Oak Mortgage REIT to post earnings of $0.19 per share for the quarter. Parties that wish to register for the company's earnings conference call can do so using this link.
Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.23). The business had revenue of $25.90 million during the quarter, compared to analyst estimates of $25.50 million. Angel Oak Mortgage REIT had a net margin of 49.69% and a negative return on equity of 6.67%. On average, analysts expect Angel Oak Mortgage REIT to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Angel Oak Mortgage REIT Price Performance
Shares of AOMR traded up $0.05 during mid-day trading on Wednesday, hitting $9.17. The company's stock had a trading volume of 57,206 shares, compared to its average volume of 84,358. The firm has a 50-day moving average price of $10.38 and a 200 day moving average price of $11.40. Angel Oak Mortgage REIT has a fifty-two week low of $8.20 and a fifty-two week high of $13.31. The stock has a market capitalization of $213.87 million, a price-to-earnings ratio of 4.61 and a beta of 1.41. The company has a debt-to-equity ratio of 5.36, a current ratio of 16.23 and a quick ratio of 16.23.
Angel Oak Mortgage REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.96%. The ex-dividend date of this dividend was Thursday, August 22nd. Angel Oak Mortgage REIT's payout ratio is presently 64.65%.
Wall Street Analyst Weigh In
Separately, BTIG Research assumed coverage on Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a "buy" rating and a $13.50 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.50.
View Our Latest Stock Analysis on AOMR
Insider Activity
In related news, CFO Brandon Filson sold 22,894 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the sale, the chief financial officer now directly owns 75,818 shares of the company's stock, valued at $835,514.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jonathan Morgan sold 4,377 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total value of $53,268.09. Following the completion of the sale, the director now directly owns 33,059 shares in the company, valued at approximately $402,328.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brandon Filson sold 22,894 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total value of $252,291.88. Following the transaction, the chief financial officer now directly owns 75,818 shares in the company, valued at approximately $835,514.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,571 shares of company stock valued at $403,502. 2.50% of the stock is owned by company insiders.
About Angel Oak Mortgage REIT
(
Get Free Report)
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.
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