Angel Oak Mortgage REIT Inc. (AOMR) To Go Ex-Dividend on November 23rd

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Tuesday, November 3rd. Stockholders 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 annualized dividend and a dividend yield of 19.8%. The ex-dividend date is Monday, November 23rd.

Angel Oak Mortgage REIT has a 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. Equities 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 Performance

NYSE AOMR opened at $6.47 on Thursday. The company has a quick ratio of 7.16, a current ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT has a 52-week low of $6.14 and a 52-week high of $9.48. The business’s 50-day moving average price is $7.58 and its 200 day moving average price is $8.42. The firm has a market cap of $150.14 million, a P/E ratio of -15.04 and a beta of 1.30.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Angel Oak Mortgage REIT had a negative net margin of 5.74% and a positive return on equity of 10.12%. The company had revenue of ($10.63) million for the quarter, compared to analysts’ expectations of $11.39 million. On average, equities research analysts expect that Angel Oak Mortgage REIT will post 1.14 earnings per share for the current year.

Key Headlines Impacting Angel Oak Mortgage REIT

Here are the key news stories impacting Angel Oak Mortgage REIT this week:

• Positive Sentiment: AOMR declared a quarterly dividend of $0.32 per share, payable November 30 to shareholders of record November 23. The annualized dividend is $1.28 per share. Dividend announcement
• Neutral Sentiment: B. Riley and JonesTrading lowered their price targets to $10 and $9.50, respectively, but both maintained Buy ratings. The cuts temper expectations, while the continued Buy ratings indicate the analysts still see potential upside. B. Riley price target update
• Negative Sentiment: Third-quarter results missed expectations: adjusted earnings were $0.28 per share versus the $0.32 consensus, and reported revenue was below forecasts. Coverage also highlighted challenges in the non-qualified mortgage market and a GAAP loss, raising concerns about near-term performance. Third-quarter results and non-QM challenges
• Negative Sentiment: B. Riley cut its price target from $13 to $10, and JonesTrading lowered its target from $10.50 to $9.50. Although both firms kept Buy ratings, the reductions reflect more cautious valuation expectations. JonesTrading price target update

About Angel Oak Mortgage REIT

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.