Angel Oak Mortgage REIT (AOMR) Projected to Post Earnings on Tuesday

Angel Oak Mortgage REIT (NYSE:AOMR) is anticipated to issue its quarterly earnings data 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 interested in registering for the company’s conference call can do so using this link.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $9.57 on Tuesday. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $224.87 million, a PE ratio of 3.25 and a beta of 1.47. The firm has a 50 day moving average of $9.90 and a 200-day moving average of $10.09. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 13.38%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 43.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AOMR. Wells Fargo & Company decreased their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Janney Montgomery Scott initiated coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock 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.