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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, February 21st will be given a dividend of 0.32 per share on Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 12.02%. The ex-dividend date of this dividend is Friday, February 21st.

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 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. 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 Trading Up 1.5 %

Angel Oak Mortgage REIT stock traded up $0.16 during mid-day trading on Monday, hitting $10.65. The company's stock had a trading volume of 163,232 shares, compared to its average volume of 70,255. The business has a 50 day moving average price of $9.70 and a 200-day moving average price of $10.23. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT has a 12 month low of $8.88 and a 12 month high of $13.31. The stock has a market cap of $250.26 million, a price-to-earnings ratio of 3.62 and a beta of 1.48.

Analysts Set New Price Targets

Several brokerages recently weighed in on AOMR. B. Riley upgraded Angel Oak Mortgage REIT to a "hold" rating in a report on Tuesday, January 7th. Janney Montgomery Scott started coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.20.

About Angel Oak Mortgage REIT

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.