Angel Oak Mortgage REIT, Inc. (AOMR) to Issue Quarterly Dividend of $0.32 on February 28th

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.32 per share on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 11.98%. The ex-dividend date is Friday, February 21st.

Angel Oak Mortgage REIT has raised its dividend by an average of 44.1% annually over the last three years. Angel Oak Mortgage REIT has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Up 1.1 %

Angel Oak Mortgage REIT stock opened at $10.69 on Wednesday. The firm has a 50 day simple moving average of $9.85 and a 200 day simple moving average of $10.15. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT has a 1-year low of $8.88 and a 1-year high of $13.31. The firm has a market capitalization of $251.20 million, a price-to-earnings ratio of 3.63 and a beta of 1.48.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Wells Fargo & Company reduced 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 research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

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.