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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.32 per share on Friday, August 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend is Thursday, August 22nd.

Angel Oak Mortgage REIT has a payout ratio of 97.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Angel Oak Mortgage REIT to earn $1.20 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 106.7%.

Angel Oak Mortgage REIT Trading Down 0.8 %

Shares of AOMR stock opened at $12.06 on Wednesday. The company has a debt-to-equity ratio of 4.35, a quick ratio of 5.69 and a current ratio of 5.69. The stock has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $11.48. The firm has a market capitalization of $301.49 million, a PE ratio of 6.55 and a beta of 1.44. Angel Oak Mortgage REIT has a 52-week low of $7.60 and a 52-week high of $13.31.

Analysts Set New Price Targets

Several analysts recently issued reports on AOMR shares. BTIG Research started coverage on Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They set a “buy” rating and a $13.50 target price for the company. UBS Group increased their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT currently has an average rating of “Hold” and a consensus price target of $11.50.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $11.99, for a total transaction of $67,419.77. Following the completion of the transaction, the director now owns 37,436 shares in the company, valued at approximately $448,857.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

About Angel Oak Mortgage REIT

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.