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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.32 per share on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 12.41%.

Angel Oak Mortgage REIT has raised its dividend by an average of 60.4% per year over the last three years. Angel Oak Mortgage REIT has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research 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 Down 0.0 %

Shares of NYSE:AOMR opened at $10.32 on Friday. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The firm has a market cap of $242.51 million, a P/E ratio of 3.51 and a beta of 1.47. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31. The company’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $10.28.

Analyst Ratings Changes

AOMR has been the topic of several research reports. Wells Fargo & Company reduced 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. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target on the stock. Finally, B. Riley upgraded Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.