Angel Oak Mortgage REIT Inc. Plans Quarterly Dividend of $0.32 (NYSE:AOMR)

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Tuesday, November 18th will be given a dividend of 0.32 per share on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date is Tuesday, November 18th.

Angel Oak Mortgage REIT has a dividend payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Down 0.9%

NYSE:AOMR traded down $0.08 during mid-day trading on Thursday, hitting $9.07. The company had a trading volume of 107,891 shares, compared to its average volume of 129,343. Angel Oak Mortgage REIT has a fifty-two week low of $7.36 and a fifty-two week high of $10.88. The business’s fifty day moving average is $9.47 and its two-hundred day moving average is $9.43. The company has a debt-to-equity ratio of 7.53, a quick ratio of 17.69 and a current ratio of 17.69. The firm has a market cap of $215.41 million, a P/E ratio of 5.89 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.26). The company had revenue of $28.02 million during the quarter, compared to analyst estimates of $10.68 million. Angel Oak Mortgage REIT had a net margin of 29.42% and a return on equity of 4.78%. As a group, research analysts expect that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AOMR shares. Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Jones Trading reaffirmed a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Zacks Research raised Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, October 8th. Finally, UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT presently has an average rating of “Moderate Buy” and an average target price of $11.60.

Angel Oak Mortgage REIT Company Profile

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.