Angel Oak Mortgage REIT Inc. (AOMR) To Go Ex-Dividend on May 22nd

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.32 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend is Friday, May 22nd.

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 decline. Equities research analysts expect Angel Oak Mortgage REIT to earn $1.35 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 94.8%.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR stock opened at $8.25 on Wednesday. The company has a debt-to-equity ratio of 8.44, a current ratio of 13.09 and a quick ratio of 13.09. The firm’s 50-day moving average is $8.57 and its two-hundred day moving average is $8.73. Angel Oak Mortgage REIT has a 12 month low of $7.96 and a 12 month high of $10.21. The company has a market capitalization of $205.59 million, a PE ratio of 12.89 and a beta of 1.32.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). Angel Oak Mortgage REIT had a return on equity of 5.25% and a net margin of 10.64%.The firm had revenue of ($2.20) million for the quarter, compared to analysts’ expectations of $11.14 million. Analysts predict that Angel Oak Mortgage REIT will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

AOMR has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday. JonesTrading reissued a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.13.

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.