Angel Oak Mortgage REIT (AOMR) Set to Announce Quarterly Earnings on Wednesday

Angel Oak Mortgage REIT (NYSE:AOMR) will announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). The company 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 Stock Down 0.7 %

Shares of Angel Oak Mortgage REIT stock opened at $8.96 on Monday. The business has a 50-day moving average price of $10.24 and a 200 day moving average price of $11.36. Angel Oak Mortgage REIT has a fifty-two week low of $8.25 and a fifty-two week high of $13.31. The firm has a market cap of $208.95 million, a P/E ratio of 4.53 and a beta of 1.44. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.29%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 64.65%.

Insider Transactions at Angel Oak Mortgage REIT

In related news, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the transaction, the chief financial officer now owns 75,818 shares in the company, valued at $835,514.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Angel Oak Mortgage REIT news, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the transaction, the chief financial officer now directly owns 75,818 shares of the company’s stock, valued at $835,514.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Morgan sold 5,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $11.99, for a total transaction of $67,419.77. Following the completion of the sale, the director now owns 37,436 shares in the company, valued at $448,857.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,571 shares of company stock worth $403,502. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT has an average rating of “Hold” and a consensus price target of $11.50.

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.