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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 23rd will be paid a dividend of $0.32 per share on Monday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 20.4%. The ex-dividend date is Monday, November 23rd.

Angel Oak Mortgage REIT has a dividend 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 fall. Research 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 12.2%

AOMR stock opened at $6.28 on Wednesday. The stock’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $8.44. The company has a market cap of $145.71 million, a P/E ratio of 8.37 and a beta of 1.30. The company has a debt-to-equity ratio of 8.76, a quick ratio of 7.16 and a current ratio of 7.16. Angel Oak Mortgage REIT has a fifty-two week low of $6.14 and a fifty-two week high of $9.48.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Angel Oak Mortgage REIT had a net margin of 11.85% and a return on equity of 7.74%. The firm had revenue of ($10.63) million during the quarter, compared to analyst estimates of $11.39 million. On average, research analysts expect that Angel Oak Mortgage REIT will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other news, CFO Brandon Filson sold 65,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $7.93, for a total value of $515,450.00. Following the sale, the chief financial officer directly owned 107,815 shares of the company’s stock, valued at approximately $854,972.95. This represents a 37.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Fierman bought 38,726 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $290,445.00. Following the acquisition, the director directly owned 105,247 shares in the company, valued at $789,352.50. This trade represents a 58.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AOMR. Royal Bank of Canada grew its position in shares of Angel Oak Mortgage REIT by 94.0% during the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Angel Oak Mortgage REIT in the second quarter worth $58,000. Bank of America Corp DE raised its position in shares of Angel Oak Mortgage REIT by 23.1% in the first quarter. Bank of America Corp DE now owns 11,490 shares of the company’s stock worth $94,000 after buying an additional 2,155 shares in the last quarter. Deutsche Bank AG bought a new stake in Angel Oak Mortgage REIT during the second quarter valued at $141,000. Finally, State of Wyoming bought a new stake in Angel Oak Mortgage REIT during the second quarter valued at $213,000. 80.15% of the stock is owned by institutional investors.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc is a real estate investment trust focused on investing in residential mortgage assets. The company primarily targets non-qualified mortgage loans, or non-QM loans, which are residential mortgages made to creditworthy borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its investment portfolio may also include residential mortgage-backed securities and other mortgage-related assets. Angel Oak Mortgage REIT seeks to generate income through interest payments and other returns from these investments, with an emphasis on loans secured by residential properties in the United States.

Angel Oak Mortgage REIT is externally managed by Angel Oak Capital Advisors, an investment management firm specializing in mortgage credit and related strategies.