Angel Oak Mortgage REIT (NYSE:AOMR) Issues Earnings Results, Misses Estimates By $0.12 EPS

Key Points

• Missed estimates: AOMR reported EPS of $0.18, missing consensus by $0.12, and recorded a GAAP net loss of $7.4M driven by roughly $13.1M of unrealized valuation losses that cut GAAP book value to $10.31/share.
• Operating earnings showed momentum—net interest income rose 20% YoY to $12.1M and distributable earnings were $4.6M, and the firm completed a $272M AOMT 2026-2 securitization while reiterating a target of about four securitizations per year.
• The company maintains a conservative liquidity and credit posture with $42M cash, roughly $1.1B of undrawn financing capacity and recent loan purchases averaging a 7.3% coupon and 67% CLTV, and it pays a $0.32 quarterly dividend (≈ 14.3% yield).

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12), FiscalAI reports. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%.The firm had revenue of ($2.20) million during the quarter, compared to the consensus estimate of $11.14 million.

Here are the key takeaways from Angel Oak Mortgage REIT's conference call:

• Continued operating earnings momentum — net interest income rose to $12.1M (up 20% YoY) and distributable earnings were $4.6M, driven by accretive loan purchases and margin expansion.
• Reported a GAAP net loss of $7.4M (−$0.30/share) driven by roughly $13.1M of unrealized valuation losses on loan portfolios as rates and spreads widened amid geopolitical volatility, lowering GAAP book value to $10.31/share.
• Strong capital markets execution — completed the AOMT 2026-2 securitization ($272M UPB, 7.1% WAC) with AAA bonds pricing ~113bps and reiterated a target cadence of ~4 securitizations per year.
• Conservative portfolio and liquidity posture — recent purchases had a 7.3% average coupon, 67% CLTV and 759 average credit score; company ended the quarter with $42M cash, 1.3x recourse debt-to-equity and ~ $1.1B undrawn financing capacity while 90+ day delinquencies were 2.7%.

Angel Oak Mortgage REIT Stock Down 0.7%

Angel Oak Mortgage REIT stock traded down $0.06 during trading on Tuesday, hitting $8.97. 21,200 shares of the company were exchanged, compared to its average volume of 82,444. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. The business's 50 day moving average is $8.57 and its 200 day moving average is $8.79. Angel Oak Mortgage REIT has a 52 week low of $7.96 and a 52 week high of $10.34. The company has a market capitalization of $223.53 million, a P/E ratio of 4.96 and a beta of 1.32.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 14.3%. Angel Oak Mortgage REIT's payout ratio is presently 70.72%.

Institutional Trading of Angel Oak Mortgage REIT

Several institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in Angel Oak Mortgage REIT during the first quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Angel Oak Mortgage REIT in the 4th quarter valued at about $26,000. BNP Paribas Financial Markets lifted its position in shares of Angel Oak Mortgage REIT by 343.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company's stock worth $37,000 after buying an additional 3,042 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Angel Oak Mortgage REIT in the 4th quarter worth approximately $87,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter worth approximately $88,000. Institutional investors own 80.15% of the company's stock.

Analysts Set New Price Targets

AOMR has been the topic of a number of research reports. Weiss Ratings raised Angel Oak Mortgage REIT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. JonesTrading reissued a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Angel Oak Mortgage REIT has a consensus rating of "Hold" and a consensus price target of $11.08.

Angel Oak Mortgage REIT Company Profile

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.

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