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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.32 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Friday, February 20th.

Angel Oak Mortgage REIT has a 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. 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 Price Performance

NYSE:AOMR opened at $8.80 on Friday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 6.83 and a current ratio of 6.83. The company has a 50-day moving average of $8.85 and a 200-day moving average of $9.17. Angel Oak Mortgage REIT has a 52 week low of $7.36 and a 52 week high of $10.88. The company has a market capitalization of $219.29 million, a price-to-earnings ratio of 12.40 and a beta of 1.36.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). The business had revenue of $28.02 million during the quarter, compared to the consensus estimate of $10.68 million. Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. As a group, equities research analysts anticipate that Angel Oak Mortgage REIT will post 0.03 earnings per share 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.