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

Key Points

• Angel Oak Mortgage REIT declared a quarterly dividend of $0.32 per share (annualized $1.28) with record/ex-dividend date May 22 and a yield of about 14.7%.
• The dividend is currently covered by earnings with a payout ratio of 92.1%, but analysts expect next-year EPS of $1.32, implying a future payout ratio near 97.0% and greater coverage risk if earnings decline.
• AOMR shares fell about 3.7% to $8.70; the company has a market cap of ~$216.7M, a P/E of ~4.8, and last quarter reported EPS of $0.29 (beating estimates) with $16.7M in revenue.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.32 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend 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 decline. 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 Trading Down 3.7%

AOMR stock traded down $0.33 during trading on Tuesday, reaching $8.70. 85,258 shares of the stock were exchanged, compared to its average volume of 83,082. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. The business has a 50 day moving average price of $8.57 and a 200-day moving average price of $8.79. Angel Oak Mortgage REIT has a 1 year low of $7.96 and a 1 year high of $10.34. The firm has a market capitalization of $216.73 million, a price-to-earnings ratio of 4.80 and a beta of 1.32.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $16.70 million for the quarter, compared to the consensus estimate of $11.33 million. Angel Oak Mortgage REIT had a net margin of 30.65% and a return on equity of 5.15%. On average, research analysts predict that Angel Oak Mortgage REIT will post 1.22 earnings per share for the current year.

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.

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