Angel Oak Mortgage, Inc. (NYSE:AOMR) declares quarterly dividend of $0.32

Angel Oak Mortgage Co., Ltd. (New York Stock Exchange: AOMRget rating) announced a quarterly dividend on Tuesday, November 8, sachs report. A registered shareholder of Tuesday, November 22nd will be rewarded with a dividend of 0.32 per share on Wednesday, November 30th. This represents his $1.28 dividend and his 14.73% yield on an annual basis. The ex-dividend date is Monday, November 21.

Angel Oak Mortgage Price Performance

shares of angel oak mortgage stock It fell $0.11 in Wednesday trading to reach $8.69. 214 shares traded against an average volume of 63,687 shares. The company has a market capitalization of his $216.7 million, a price-to-earnings ratio of -2.49, a P/E/G ratio of 0.34 and a beta of 0.52. His 50-day simple moving average for this business is $11.85 and his 200-day simple moving average is $13.45. The company has a debt to equity ratio of 2.59, a current ratio of 2.12 and a quick ratio of 2.12. His 52-week low for Angel Oak Mortgage is $8.23 and his 52-week high is $18.68.

Angel Oak Mortgage (New York Stock Exchange: AOMRget rating) last reported quarterly results on Tuesday, August 9. The company reported quarterly EPS of $0.90, $0.45 above consensus expectations of $0.45. Angel Oak Mortgage had a return on equity of 18.86% and a net profit margin of 90.64%. The company made $29.7 million in revenue for the quarter, while analysts estimated him at $30.2 million. Sell-side analysts expect him to hit 3.14 in EPS for Angel Oak Mortgage this year.

Analyst sets new price target

A number of brokerage firms have recently commented on the AOMR. B. Reilly lowered his price target for Angel Oak Mortgages from $19.00 to $15.00 in a research note on Tuesday, Oct. 25, setting a “Buy” rating for the company. Wells Fargo & Co. lowered its price target on Angel Oak Mortgage to $10.00 from $15.00, setting the company’s rating to “overweight” in a research report Wednesday.

Institutional investors weigh heavily on Angel Oak Mortgage

Several hedge funds and other institutional investors have recently bought and sold stocks. State Street Corp increased its stake in Angel Oak Mortgage by 50.3% in the second quarter. State Street Corp now owns 186,139 shares of the company worth $2,412,000 after acquiring an additional 62,264 shares in the previous quarter. American International Group Inc. expanded its position in Angel Oak Mortgage by 17.3% in the second quarter. American International Group Inc. now owns 5,583 shares worth $72,000 after purchasing an additional 822 shares during the previous quarter. Northern Trust Corporation increased its Angel Oak Mortgage position by 19.3% in the second quarter. Northern Trust Corporation now owns 90,012 shares worth $1,167,000 after purchasing an additional 14,564 shares during the previous quarter. Rhumbline Advisers purchased a new position in Angel Oak Mortgage in the second quarter for $219,000. Finally, Goldman Sachs Group Inc. expanded its position in Angel Oak Mortgage by 79.0% in the first quarter. Goldman Sachs Group Inc. now owns 855,022 shares worth $14,031,000 after purchasing an additional 377,299 shares during the previous quarter. Currently 84.30% of the shares are owned by institutional investors and hedge funds.

About Angel Oak Mortgage

(get rating)

Angel Oak Mortgage, Inc., a real estate finance company, is focused on acquiring and investing in first-tier non-qualified mortgages and other mortgage-related assets in the US mortgage market. The company qualifies as a real estate investment trust for federal income tax purposes. Generally, if you distribute at least 90% of your taxable income to your shareholders, you are not subject to federal income tax.

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Angel Oak Mortgage (NYSE:AOMR) Dividend History

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