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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 21st will be given a dividend of 0.32 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date is Friday, August 21st.

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 $1.39 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 92.1%.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR opened at $8.90 on Thursday. The company has a debt-to-equity ratio of 8.44, a quick ratio of 13.09 and a current ratio of 13.09. The firm has a market cap of $221.74 million, a PE ratio of 11.86 and a beta of 1.25. The firm’s 50 day moving average price is $8.73 and its 200 day moving average price is $8.70. Angel Oak Mortgage REIT has a twelve month low of $7.95 and a twelve month high of $10.14.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.12). Angel Oak Mortgage REIT had a return on equity of 7.53% and a net margin of 11.85%.The business had revenue of ($2.20) million during the quarter, compared to the consensus estimate of $11.14 million. As a group, research analysts expect that Angel Oak Mortgage REIT will post 1.17 EPS for the current fiscal year.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.