Angel Oak Mortgage, Inc., a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2018 and is headquartered in Atlanta, Georgia.
IPO Year: 2021
Exchange: NYSE
Website: angeloakreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/31/2024 | $13.50 | Buy | BTIG Research |
| 12/6/2023 | $10.00 | Neutral | UBS |
| 12/5/2022 | $15.50 → $6.50 | Buy → Underperform | BofA Securities |
| 11/21/2022 | $10.00 → $15.00 | Buy → Neutral | B. Riley Securities |
| 6/1/2022 | $19.50 → $14.50 | Buy → Neutral | UBS |
| 11/10/2021 | Outperform → Perform | Oppenheimer | |
| 7/12/2021 | $19.00 | Outperform | Oppenheimer |
| 7/12/2021 | $17.00 | Peer Perform | Wolfe Research |
| 7/12/2021 | $22.00 | Buy | B. Riley Securities |
| 7/12/2021 | $18.50 | Buy | BofA Securities |
Momnt, a leading financial technology company specializing in real-time lending and payment solutions for businesses, is delighted to announce the appointment of Dory Black as its new Chief Legal Officer. With her extensive experience in the financial and legal sectors, Dory brings a wealth of knowledge and expertise to the Momnt executive team. As the Chief Legal Officer, Dory will play a pivotal role in overseeing and enhancing the legal and regulatory framework of Momnt. Her responsibilities encompass various areas crucial to the fintech industry, including regulatory compliance, legal advice, contract negotiations, and corporate governance. Her deep understanding of the financial indu
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8-K - Angel Oak Mortgage REIT, Inc. (0001766478) (Filer)
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10-Q - Angel Oak Mortgage REIT, Inc. (0001766478) (Filer)
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8-K - Angel Oak Mortgage REIT, Inc. (0001766478) (Filer)
8-K - Angel Oak Mortgage REIT, Inc. (0001766478) (Filer)
8-K - Angel Oak Mortgage REIT, Inc. (0001766478) (Filer)
3/A - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
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4 - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
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4 - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
4 - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
4 - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
4 - Angel Oak Mortgage REIT, Inc. (0001766478) (Issuer)
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the third quarter of 2024. Third Quarter and Year-to-Date Highlights Q3 2024 net interest income of $9.0 million, an increase of 22% versus $7.4 million in Q3 2023. Net interest income of $27.1 million in the first nine months of 2024, an increase of 31% versus net interest income of $20.7 million in the first nine months of 2023. Q3 2024 GAAP net income of $31.2 million, or $1.29 per diluted share of common stoc
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the second quarter of 2024. Second Quarter and Year-to-Date Highlights Q2 2024 net interest income of $9.5 million, an increase of 47% versus Q2 2023. Net interest income of $18.0 million in the first six months of 2024, an increase of 36% versus net interest income of $13.3 million in the first six months of 2023. Q2 2024 GAAP net loss of ($0.3) million, or ($0.01) per diluted share of common stock. Q2 20
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to r
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the first quarter of 2024. First Quarter Highlights Q1 2024 GAAP net income of $12.9 million, or $0.51 per diluted share of common stock. Q1 2024 Distributable Earnings of $2.8 million, or $0.11 per diluted share of common stock. GAAP book value increased to $10.55 per share of common stock as of March 31, 2024, up from $10.26 per share of common stock as of December 31, 2023. Economic book value increased
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to regist
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the year ended December 31, 2023. Fourth Quarter Highlights Q4 2023 GAAP net income of $28.6 million, or $1.15 per diluted share of common stock. Q4 2023 Distributable Earnings of $(6.5) million, or $(0.26) per diluted share of common stock. Declared dividend of $0.32 per share of common stock, paid on February 29, 2024 to common stockholders of record as of February 22, 2024. Full Year 2023 Highlights
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its fourth quarter and full year 2023 financial results before the market opens on Tuesday, March 5, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced that its Board of Directors has declared a quarterly cash dividend. Common Stock Dividend The Board has declared a dividend of $0.32 per share of common stock. The dividend is payable on February 29th, 2024 to common stockholders of record as of February 22nd, 2024. About Angel Oak Mortgage REIT, Inc. Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and othe
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced tax information regarding its dividend distributions for 2023. During 2023, the Company distributed dividends totaling $1.28 per share of common stock (CUSIP 03464Y108). The table below provides information on the expected federal income tax characterization for the Company's common stock dividend distributions paid in 2023. Shareholders are encouraged to confirm that the tax statements they receive from their brokerage firms align with t
BTIG Research initiated coverage of Angel Oak Mortgage REIT with a rating of Buy and set a new price target of $13.50
UBS resumed coverage of Angel Oak Mortgage REIT with a rating of Neutral and set a new price target of $10.00
BofA Securities downgraded Angel Oak Mortgage from Buy to Underperform and set a new price target of $6.50 from $15.50 previously
B. Riley Securities downgraded Angel Oak Mortgage from Buy to Neutral and set a new price target of $15.00 from $10.00 previously
UBS downgraded Angel Oak Mortgage from Buy to Neutral and set a new price target of $14.50 from $19.50 previously
Oppenheimer downgraded Angel Oak Mortgage from Outperform to Perform
Oppenheimer initiated coverage of Angel Oak Mortgage with a rating of Outperform and set a new price target of $19.00
Wolfe Research initiated coverage of Angel Oak Mortgage with a rating of Peer Perform and set a new price target of $17.00
B. Riley Securities initiated coverage of Angel Oak Mortgage with a rating of Buy and set a new price target of $22.00
BofA Securities initiated coverage of Angel Oak Mortgage with a rating of Buy and set a new price target of $18.50
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the third quarter of 2024. Third Quarter and Year-to-Date Highlights Q3 2024 net interest income of $9.0 million, an increase of 22% versus $7.4 million in Q3 2023. Net interest income of $27.1 million in the first nine months of 2024, an increase of 31% versus net interest income of $20.7 million in the first nine months of 2023. Q3 2024 GAAP net income of $31.2 million, or $1.29 per diluted share of common stoc
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to
Company demonstrates quick, accretive deployment of capital, covering cost of July senior unsecured notes issuance within one quarter and establishing runway for continued growth. Angel Oak Mortgage REIT, Inc. (NYSE:AOMR), (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced the closing of AOMT 2024-10, an approximately $317 million scheduled principal balance securitization backed by a pool of residential mortgage loans. The senior tranche received an AAA rating from Fitch Ratings. "The execution of AOMT 2024-10 serves as a testam
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the second quarter of 2024. Second Quarter and Year-to-Date Highlights Q2 2024 net interest income of $9.5 million, an increase of 47% versus Q2 2023. Net interest income of $18.0 million in the first six months of 2024, an increase of 36% versus net interest income of $13.3 million in the first six months of 2023. Q2 2024 GAAP net loss of ($0.3) million, or ($0.01) per diluted share of common stock. Q2 20
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to r
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company") today announced that it has priced an underwritten public offering of $50,000,000 aggregate principal amount of its 9.500% Senior Notes due 2029 (the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Angel Oak Mortgage Operating Partnership, LP through which the Company holds substantially all of its assets and conducts its operations. The Notes will be issued in minimum denominations and integral multiples of $25.00. The underwriters for the offering do not have an over-allotment option to purchase additional Notes. The Company intends to use the majority of the net proceeds from the off
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company") today announced that it is commencing an underwritten public offering of senior notes due 2029 (the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Angel Oak Mortgage Operating Partnership, LP through which the Company holds substantially all of its assets and conducts its operations. The Company intends to use the majority of the net proceeds from the offering for general corporate purposes, which may include the acquisition of non-qualified residential mortgage loans and other target assets primarily sourced from its affiliated proprietary mortgage lending platform or other target ass
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the first quarter of 2024. First Quarter Highlights Q1 2024 GAAP net income of $12.9 million, or $0.51 per diluted share of common stock. Q1 2024 Distributable Earnings of $2.8 million, or $0.11 per diluted share of common stock. GAAP book value increased to $10.55 per share of common stock as of March 31, 2024, up from $10.26 per share of common stock as of December 31, 2023. Economic book value increased
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available at the Investors section of the Company's website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to regist
Securitization releases nearly $40 million of capital expected to be deployed into purchases of current market coupon loans and high-yielding assets to drive additional Net Interest Margin growth Angel Oak Mortgage REIT, Inc. (NYSE:AOMR), (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced the pricing of AOMT 2024-4, an approximately $300 million scheduled principal balance securitization backed by a pool of residential mortgage loans, the majority of which were originated by Angel Oak's affiliated mortgage originators. The senior
UBS analyst Doug Harter maintains Angel Oak Mortgage REIT (NYSE:AOMR) with a Neutral and raises the price target from $10 to $10.5.
Angel Oak Mortgage REIT (NYSE:AOMR) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.19 by 42.11 percent. This is a 129.73 percent increase over losses of $(0.37) per share from the same period last year. The company reported quarterly sales of $8.579 million which missed the analyst consensus estimate of $9.413 million by 8.86 percent. This is a 26.18 percent increase over sales of $6.799 million the same period last year.
B. Riley Securities analyst Matt Howlett maintains Angel Oak Mortgage REIT (NYSE:AOMR) with a Neutral and maintains $12 price target.
Wells Fargo analyst Donald Fandetti maintains Angel Oak Mortgage REIT (NYSE:AOMR) with a Overweight and raises the price target from $9 to $10.
Oppenheimer analyst Chris Kotowski maintains Angel Oak Mortgage REIT (NYSE:AOMR) from Perform to Perform.
Angel Oak Mortgage REIT (NYSE:AOMR) reported quarterly losses of $(0.260) per share which missed the analyst consensus estimate of $0.180 by 244.44 percent. The company reported quarterly sales of $8.240 million which missed the analyst consensus estimate of $9.002 million by 8.46 percent. This is a 11.20 percent increase over sales of $7.410 million the same period last year.
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Angel Oak Mortgage REIT (NYSE:AOMR) is set to give its latest quarterly earnings report on Tuesday, 2024-03-05. Here's what investors need to know before the announcement. Analysts estimate that Angel Oak Mortgage REIT will report an earnings per share (EPS) of $0.18. Angel Oak Mortgage REIT bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.48, which was fol
B. Riley Securities analyst Matt Howlett maintains Angel Oak Mortgage REIT (NYSE:AOMR) with a Neutral and raises the price target from $11 to $12.