Streetbeat News

AOMR

Angel Oak Mortgage, Inc.

https://www.angeloakreit.com

Industry

REIT - Mortgage

Angel Oak Mortgage, 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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Angel Oak Mortgage, Inc. was incorporated in 2018 and is headquartered in Atlanta, Georgia.

Open

9.52

Mkt cap

222M

Volume

141K

High

9.72

P/E Ratio

4.82

52-wk high

13.31

Low

9.50

Div yield

0.13

52-wk low

8.88

Earnings reports for March 5, 2024, include a mix of expected quarterly losses and earnings from various sectors. Notable companies like NIO, Target, and Nordstrom are among those reporting. The reports span across different industries, including automotive, retail, biotech, and technology, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 10:00 am

Angel Oak Mortgage REIT (NYSE:AOMR) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.18. Despite past earnings misses, the company's stock has seen a 35.03% increase over the last year. Investors are particularly focused on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:02 pm

B. Riley Securities analyst Matt Howlett has maintained a Neutral rating on Angel Oak Mortgage REIT (NYSE:AOMR) and increased the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:23 pm

Angel Oak Mortgage REIT (AOMR) reported Q3 losses of $0.35 per share, missing the analyst consensus estimate of $0.13 by 369.23%. This is a 141.67% decrease over earnings of $0.84 per share from the same period last year. The company also reported quarterly sales of $7.41 million, missing the analyst consensus estimate of $8.38 million by 11.58%. This is a 36.88% decrease over sales of $11.74 million the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 07, 2023 | 12:09 pm

B. Riley Securities analyst Matt Howlett maintains a Neutral rating on Angel Oak Mortgage REIT (NYSE:AOMR) and raises the price target from $10 to $11.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 12:40 pm

Angel Oak Mortgage REIT (NYSE:AOMR) has announced a quarterly dividend of 32 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 31, 2023.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 2:45 pm

Angel Oak Mortgage REIT (AOMR) reported Q2 losses of $(0.16) per share, missing the analyst consensus estimate of $0.12 by 233.33%. This is a 117.78% decrease from the same period last year. The company also reported quarterly sales of $6.45 million, missing the analyst consensus estimate of $29.13 million by 77.85%. This is a 60.73% decrease from the same period last year.

Portfolio Pulse from sunil@benzinga.com

August 08, 2023 | 11:34 am

Angel Oak Mortgage REIT (NYSE:AOMR) is set to release its latest quarterly earnings report on Tuesday, 2023-08-08. Analysts estimate an earnings per share (EPS) of $0.12. The company's past performance shows a pattern of share price changes following earnings reports. The shares were trading at $9.11 as of August 04, with a 52-week decrease of 37.16%.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 9:01 pm

The first half of 2023 has been challenging for stocks, particularly REITs, due to Federal Reserve rate hikes and hints of a recession. However, some REITs have performed well due to improved earnings, raised analyst positions, and acquisitions. The best performers include Angel Oak Mortgage REIT Inc. (AOMR), Arlington Asset Investment Corp. (AAIC), Life Storage Inc. (LSI), EPR Properties (EPR), Tanger Factory Outlet Centers Inc. (SKT), Welltower Inc. (WELL), and Plymouth Industrial REIT Inc. (PLYM).

Portfolio Pulse from Ethan Roberts

June 30, 2023 | 2:08 pm

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