Angel Oak Mortgage REIT Inc. (AOMR) To Go Ex-Dividend on August 21st

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 21st will be given a dividend of 0.32 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date is Friday, August 21st.

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 tumble. Equities analysts expect Angel Oak Mortgage REIT to earn $1.38 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 92.8%.

Angel Oak Mortgage REIT Stock Down 1.3%

Shares of NYSE AOMR opened at $8.82 on Wednesday. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT has a 12 month low of $7.95 and a 12 month high of $10.14. The firm has a market capitalization of $204.80 million, a PE ratio of 11.76 and a beta of 1.25. The firm has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $8.68.

Analysts Set New Price Targets

Several brokerages recently issued reports on AOMR. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. BTIG Research lowered their price objective on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, JonesTrading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.06.

Angel Oak Mortgage REIT Company Profile

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.