Angel Oak Mortgage REIT, Inc. Reports First Quarter 2024 Financial Results
Angel Oak Mortgage REIT, Inc. (AOMR)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the first quarter of 2024.First Quarter HighlightsQ1 2024 GAAP net income of $12.9 million, or $0.51 per diluted share of common stock.Q1 2024 Distributable Earnings of $2.8 million, or $0.11 per diluted share of common stock.GAAP book value increased to $10.55 per share of common stock as of March 31, 2024, up from $10.26 per share of common stock as of December 31, 2023.Economic book value increased to $13.78 per share of common stock as of March 31, 2024, up from $13.54 per share of common stock as of December 31, 2023.Declared dividend of $0.32 per share of common stock, to be paid on May 31, 2024 to common stockholders of record as of May 22, 2024.Sreeni Prabhu, Chief Executive
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News
- Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) had its price target raised by analysts at UBS Group AG from $10.00 to $10.50. They now have a "neutral" rating on the stock.MarketBeat
- Angel Oak Mortgage REIT, Inc. Sets Date for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Angel Oak Mortgage REIT, Inc. Prices AOMT 2024-4, a $300 Million Standalone Securitization, Further Expanding Earnings and Releasing Capital for Additional Loan PurchasesBusiness Wire
- Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) had its "neutral" rating re-affirmed by analysts at B. Riley. They now have a $12.00 price target on the stock.MarketBeat
- Angel Oak Mortgage, Inc. (NYSE:AOMR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AOMR
Earnings
- 5/7/24 - Beat
AOMR
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- AOMR's page on the SEC website