Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) declared a quarterly dividend on Wednesday, March 14th, Wall Street Journal reports. Shareholders of record on Saturday, March 31st will be given a dividend of 0.16 per share by the financial services provider on Friday, April 13th. This represents a $0.64 annualized dividend and a yield of 4.42%. The ex-dividend date is Wednesday, March 28th. This is a positive change from Owens Realty Mortgage’s previous quarterly dividend of $0.10.

Owens Realty Mortgage (ORM) traded up $0.33 during midday trading on Wednesday, reaching $14.49. The company’s stock had a trading volume of 53,978 shares, compared to its average volume of 29,577. The stock has a market cap of $142.29, a PE ratio of 12.10 and a beta of -0.44. Owens Realty Mortgage has a fifty-two week low of $13.71 and a fifty-two week high of $18.72.

Owens Realty Mortgage declared that its board has authorized a stock repurchase plan on Tuesday, March 13th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A hedge fund recently raised its stake in Owens Realty Mortgage stock. State Street Corp lifted its stake in Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,047 shares of the financial services provider’s stock after purchasing an additional 8,659 shares during the quarter. State Street Corp’s holdings in Owens Realty Mortgage were worth $2,714,000 at the end of the most recent reporting period.

Separately, TheStreet cut Owens Realty Mortgage from a “b” rating to a “c+” rating in a report on Monday, December 4th.

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About Owens Realty Mortgage

Owens Realty Mortgage, Inc is a specialty finance company that focuses on the origination, investment and management of commercial real estate loans, primarily in the Western United States. The Company’s segments include commercial real estate, residential real estate and land loans. The Company provides short-term loans to small and middle-market investors and developers that require speed and flexibility.

Dividend History for Owens Realty Mortgage (NYSEAMERICAN:ORM)

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