Angel Oak Mortgage REIT Inc. (AOMR) to Issue Quarterly Dividend of $0.32 on February 27th

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, February 20th will be paid a dividend of 0.32 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Friday, February 20th.

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 $1.21 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 0.4%

NYSE:AOMR opened at $9.16 on Wednesday. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 6.87, a quick ratio of 6.83 and a current ratio of 6.83. The stock has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $9.14. The stock has a market capitalization of $228.05 million, a price-to-earnings ratio of 12.89 and a beta of 1.36.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of institutional investors have recently made changes to their positions in AOMR. Goldman Sachs Group Inc. increased its position in Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock worth $1,519,000 after purchasing an additional 72,555 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Angel Oak Mortgage REIT by 23.6% during the 1st quarter. Jane Street Group LLC now owns 47,219 shares of the company’s stock worth $450,000 after purchasing an additional 9,012 shares during the last quarter. Strs Ohio purchased a new stake in shares of Angel Oak Mortgage REIT during the first quarter worth about $25,000. Wolverine Asset Management LLC raised its position in shares of Angel Oak Mortgage REIT by 160.3% in the second quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock valued at $2,112,000 after buying an additional 138,090 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Angel Oak Mortgage REIT during the second quarter valued at approximately $189,000. 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.