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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, February 20th will be given a dividend of 0.32 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Friday, February 20th.

Angel Oak Mortgage REIT has a dividend 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. 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 Price Performance

Shares of AOMR opened at $8.86 on Friday. Angel Oak Mortgage REIT has a twelve month low of $7.36 and a twelve month high of $10.88. The company has a market capitalization of $220.61 million, a P/E ratio of 12.47 and a beta of 1.36. The firm has a 50 day moving average of $8.85 and a 200 day moving average of $9.17. The company has a quick ratio of 6.83, a current ratio of 6.83 and a debt-to-equity ratio of 6.87.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.26). The business had revenue of $28.02 million for the quarter, compared to analysts’ expectations of $10.68 million. Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. As a group, equities research analysts anticipate that Angel Oak Mortgage REIT will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 8.4% during the 3rd quarter. Lazard Asset Management LLC now owns 19,503 shares of the company’s stock valued at $183,000 after buying an additional 1,509 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in Angel Oak Mortgage REIT by 2.2% during the third quarter. Riverbridge Partners LLC now owns 82,959 shares of the company’s stock valued at $777,000 after purchasing an additional 1,788 shares in the last quarter. Vivaldi Capital Management LP lifted its holdings in Angel Oak Mortgage REIT by 2.1% during the third quarter. Vivaldi Capital Management LP now owns 118,779 shares of the company’s stock valued at $1,113,000 after purchasing an additional 2,400 shares in the last quarter. Strs Ohio bought a new position in shares of Angel Oak Mortgage REIT in the first quarter worth approximately $25,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock worth $37,000 after purchasing an additional 3,042 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.