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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) declared 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 annualized dividend and a dividend yield of 13.06%. The ex-dividend date is Tuesday, November 19th.

Angel Oak Mortgage REIT has a dividend payout ratio of 95.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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 Stock Performance

Shares of NYSE AOMR opened at $9.80 on Monday. Angel Oak Mortgage REIT has a one year low of $8.88 and a one year high of $13.31. The business’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $11.27. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The company has a market capitalization of $230.40 million, a P/E ratio of 3.33 and a beta of 1.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. BTIG Research began coverage on shares of Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They set a “buy” rating and a $13.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Angel Oak Mortgage REIT presently has a consensus rating of “Hold” and an average price target of $12.00.

Insider Buying and Selling

In other news, CFO Brandon Filson sold 22,894 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $11.02, for a total value of $252,291.88. Following the completion of the transaction, the chief financial officer now owns 75,818 shares in the company, valued at approximately $835,514.36. This represents a 23.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W D. Minami acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the acquisition, the director now directly owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 29,948 shares of company stock worth $336,083. 2.50% of the stock is currently owned by insiders.

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.