Owens Realty Mortgage Inc (NYSE:ORM) Releases Quarterly Earnings Results
Owens Realty Mortgage Inc (NYSE:ORM) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, Morningstar.com reports. Owens Realty Mortgage had a return on equity of 0.36% and a net margin of 5.42%. The business had revenue of $3.87 million during the quarter.
Owens Realty Mortgage (ORM) traded down 1.99% during trading on Wednesday, reaching $16.74. The company’s stock had a trading volume of 28,044 shares. The company’s 50-day moving average is $16.97 and its 200-day moving average is $17.09. Owens Realty Mortgage has a 12 month low of $15.54 and a 12 month high of $19.16. The stock has a market cap of $171.53 million and a PE ratio of 8.63.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, June 28th. This is a positive change from Owens Realty Mortgage’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 2.39%.
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Owens Realty Mortgage declared that its board has authorized a share repurchase program on Tuesday, June 13th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the financial services provider to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
About Owens Realty Mortgage
Owens Realty Mortgage, Inc is a specialty finance company that focuses on the origination, investment and management of commercial real estate loans, primarily in the Western United States. The Company’s segments include commercial real estate, residential real estate and land loans. The Company provides short-term loans to small and middle-market investors and developers that require speed and flexibility.
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