Angel Oak Mortgage REIT, Inc. (AOMR) to Issue Quarterly Dividend of $0.32 on November 27th

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.32 per share on Wednesday, November 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date of this dividend is Tuesday, November 19th.

Angel Oak Mortgage REIT has a payout ratio of 95.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Angel Oak Mortgage REIT to earn $1.27 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 100.8%.

Angel Oak Mortgage REIT Trading Down 0.1 %

Shares of AOMR opened at $9.54 on Friday. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31. The stock has a 50-day moving average price of $10.08 and a 200 day moving average price of $11.30. The company has a debt-to-equity ratio of 5.36, a quick ratio of 16.23 and a current ratio of 16.23. The company has a market capitalization of $222.47 million, a P/E ratio of 4.82 and a beta of 1.43.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). The business had revenue of $25.90 million for the quarter, compared to analysts’ expectations of $25.50 million. Angel Oak Mortgage REIT had a net margin of 49.69% and a negative return on equity of 6.67%. Sell-side analysts forecast that Angel Oak Mortgage REIT will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the sale, the chief financial officer now directly owns 75,818 shares of the company’s stock, valued at $835,514.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jonathan Morgan sold 5,623 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $11.99, for a total transaction of $67,419.77. Following the transaction, the director now directly owns 37,436 shares in the company, valued at $448,857.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brandon Filson sold 22,894 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total value of $252,291.88. Following the sale, the chief financial officer now owns 75,818 shares of the company’s stock, valued at approximately $835,514.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,571 shares of company stock worth $403,502. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday. BTIG Research began coverage on Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

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.