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

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 22nd will be given a dividend of 0.32 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date is Friday, May 22nd.

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 tumble. Analysts expect Angel Oak Mortgage REIT to earn $1.32 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 97.0%.

Angel Oak Mortgage REIT Stock Performance

AOMR stock traded down $0.33 on Tuesday, hitting $8.70. The company’s stock had a trading volume of 85,258 shares, compared to its average volume of 83,082. The firm has a 50 day moving average of $8.57 and a two-hundred day moving average of $8.79. Angel Oak Mortgage REIT has a 1 year low of $7.96 and a 1 year high of $10.34. The stock has a market cap of $216.73 million, a price-to-earnings ratio of 4.80 and a beta of 1.32. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. Equities analysts predict that Angel Oak Mortgage REIT will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

Several hedge funds have recently modified their holdings of AOMR. Strs Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 3,042 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter worth approximately $88,000. Finally, Marshall Wace LLP acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter worth approximately $87,000. 80.15% of the stock is owned by institutional investors and hedge funds.

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.