Angel Oak Mortgage (AOMR)
Invests in U.S. non-QM mortgage loans and related assets.
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Acquires and finances U.S. residential mortgage credit, mainly non-QM loans and related assets. The externally managed REIT depends on Angel Oak sourcing relationships, financing access, securitization execution, and mortgage-credit performance.
Acquires and finances U.S. residential mortgage credit, centered on non-QM first- and second-lien loans, HELOCs, RMBS, and other mortgage-related assets. The portfolio is concentrated in the United States and reported as one operating segment.
Operates through an external manager, Falcons I, with asset flow and market access tied to Angel Oak Mortgage Lending and Angel Oak Capital relationships. Execution depends on credit selection, financing lines, securitization trusts, and REIT compliance rather than an employee-heavy operating base.
Relies on related-party sourcing, mortgage-credit performance, interest-rate conditions, available financing, and the manager's continued access to Angel Oak professionals and loan flow.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 17, 2026 | BTIG | Reiterate | Rating: —Target: $13.50 | Target: $10 |
| Nov 18, 2025 | UBS | Reiterate | Rating: —Target: $10.50 | Target: $9.75 |
| Apr 21, 2025 | B. Riley Securities | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.6M · Total debt $2.49B · Total assets $2.99B · Shareholders' equity $234.9M
- Revenue
- $37.7M
- Operating income
- $3.4M
- Net income
- $3.4M
HistoryDividendAnnual yield
| Institutions | 71.56% | 16.61M shares | |
|---|---|---|---|
| 84 holders · as of Jun 30, 2026 | |||
| Insiders | 11.07% | 2.57M shares | |
| 7 holders · as of Sep 10, 2026 | |||
| Other | 17.37% | 4.03M shares | |
| remainder | |||
23.21M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Morgan StanleyInstitution | 22.28% | 5.17M | as of Jun 30, 2026 |
Victory Capital Management IncInstitution | 9.21% | 2.14M | as of Jun 30, 2026 |
Canada Pension Plan Investment BoardInsider | 9.07% | 2.11M | filed Feb 14, 2022 |
Davidson Kempner Capital Management LPInstitution | 8.00% | 1.86M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.79% | 1.34M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | W. D. Minami | director | +6,800 | $8.10 |
| May 22, 2026 | W. D. Minami | director | +10,000 | $8.15 |
| Mar 20, 2026 | Davidson Kempner Capital Management LP | 10 percent owner, other: See Remarks | −481,537 | $7.87 |
| Nov 18, 2025 | W. D. Minami | director | +3,441 | $8.32 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Angel Oak Mortgage | $7.65 | −3.53% | $197.6M | 10.6 | 5.6 | 1.2 | −63.9% |
| MFA Financial | $8.32 | −2.86% | $873.9M | 7.1 | 6.5 | 1.2 | −4.4% |
| Ellington Financial | $12.50 | −1.61% | $1.59B | 7.7 | 6.5 | 2.4 | +184.1% |
| TPG Mortgage Investment Trust | $6.27 | −2.72% | $204.8M | 8.7 | 5.5 | 0.4 | +43.8% |
| Chimera Investment | $10.83 | −2.91% | $932.7M | — | 5.8 | 1.4 | −64.4% |
| Redwood Trust | $3.76 | −8.52% | $516.2M | — | 4.0 | 0.5 | +68.5% |
| PennyMac Mortgage Investment Trust | $8.81 | −2.28% | $785.7M | 6.3 | 7.0 | 0.5 | +1,323.8% |
| Median | 7.4 | 6.2 | 0.8 | +56.1% |