Angel Oak Mortgage REIT, Inc. (AOMR) To Go Ex-Dividend on February 21st

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date is Friday, February 21st.

Angel Oak Mortgage REIT has increased its dividend by an average of 60.4% per year over the last three years. Angel Oak Mortgage REIT has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Angel Oak Mortgage REIT to earn $1.21 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 105.8%.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR opened at $10.45 on Friday. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.31. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a market capitalization of $245.68 million, a PE ratio of 3.55 and a beta of 1.47. The firm has a 50-day moving average price of $9.68 and a 200 day moving average price of $10.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Angel Oak Mortgage REIT has an average rating of “Moderate Buy” and a consensus price target of $12.20.

About Angel Oak Mortgage REIT

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.