Angel Oak Mortgage REIT, Inc. (NYSE:AOMR – Get Free Report) 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
View Our Latest Analysis on AOMR
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.
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