Angel Oak Mortgage REIT, Inc. (AOMR)

Over the past six months, Angel Oak Mortgage REIT, Inc. experienced a share price decline of 12.98%. The company consistently paid quarterly dividends of $0.32 per share. AOMR priced a $40.0 million debt offering in May 2025, intending to use the proceeds for investments in non-QMs and other assets. In July 2025, an analyst downgraded AOMR's stock rating from "Buy" to "Hold" due to concerns about high leverage and a lack of proven long-term dividend growth. Angel Oak Mortgage REIT, Inc. reported its Q3 2025 earnings on November 6, 2025, showing a 13% growth in net interest income compared to Q3 2024. KBRA assigned preliminary ratings to mortgage-backed certificates from Angel Oak Mortgage Trust 2025-12 in November 2025.

While the broader U.S. housing market exhibits seasonality, with peak home sales typically occurring in June, July, and August, and a slowdown between November and January, the demand for non-QM loans, which Angel Oak Mortgage REIT specializes in, has shown unique trends. In August 2025, non-QM lending surged to its highest recorded share of originations, driven by slightly improved mortgage rates and an expansion of non-agency loan offerings. Experts anticipate continued expansion in the non-QM sector throughout 2025, fueled by high margins, volume growth, and strong demand from borrowers with diverse financial profiles. The rise of self-employed individuals and the reduction of traditional mortgage offerings by banks are also contributing to the accelerating growth of non-QM lending.

Angel Oak Mortgage REIT, Inc. (AOMR) is a real estate finance company focused on investing in first lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets within the U.S. mortgage market, aiming to deliver attractive risk-adjusted returns through cash distributions and capital appreciation. The company operates within the Real Estate sector, specifically in the REIT - Mortgage industry, focusing on credit-sensitive investments in newly originated first lien non-QM loans sourced from its affiliated mortgage lending platform, Angel Oak Mortgage Lending, catering to borrowers who may not meet traditional lending criteria. AOMR's portfolio may also include other residential mortgage loans, residential mortgage-backed securities (RMBS), investment securities, and commercial mortgage loans. As a REIT, it generally distributes at least 90% of its taxable income to stockholders to avoid federal corporate income taxes.

Angel Oak Mortgage REIT, Inc. operates within the U.S. mortgage market. Its mortgage lending platform, Angel Oak Mortgage Lending, has a national origination footprint, allowing it to source loans across the country. The company's headquarters are located in Atlanta, Georgia.

Angel Oak Mortgage REIT, Inc.'s brand reputation has been generally stable, with some positive indicators and an analyst's cautious outlook. The company holds a "Moderate Buy" consensus rating from analysts, with a consensus price target suggesting a significant upside from its current price. MarketBeat's MarketRank™ scored Angel Oak Mortgage REIT higher than 96% of companies evaluated and ranked it 91st out of 938 stocks in the finance sector. News coverage has highlighted the company's ability to maintain liquidity in the non-QM market and successfully execute securitizations, even amidst market volatility. However, in July 2025, an analyst downgraded the stock to a "Hold" due to concerns about high leverage and a lack of consistent long-term dividend growth.

Angel Oak Mortgage REIT, Inc. has a significant institutional ownership presence, with 174 institutional owners and shareholders holding a total of 19,319,918 shares. Major institutional shareholders include Morgan Stanley, Davidson Kempner Capital Management Lp, Victory Capital Management Inc, Masters Capital Management Llc, BlackRock, Inc., Vanguard Group Inc, and State Street Corp. As of September 30, 2025, Morgan Stanley held 5,172,116 shares, and Davidson Kempner Capital Management Lp held 4,134,210 shares. Insider ownership stands at 3.03%, representing 0.72 million shares.