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Angel Oak Mortgage REIT Inc

Angel Oak Mortgage REIT Inc

AOMR
$9.13USD↓-1.19%-0.11 today

MARKET CAP

227.5M

P/E (TTM)

15.0x

FWD P/E

6.5x

DAY RANGE

$9 – $9

52W RANGE

$8
$10

AI Summary

Stalk
TrimMedium

The stock is in a Stage 4 decline with a confirmed sequence of lower highs and lower lows, trading below the 50 DMA and 200 DMA. While recent relief rallies have lifted price above the short-term EMAs, the longer-term downtrend persists and medium-term bias remains bearish. Short-term timing is neutral as price approaches the resistance zone around the falling 50 DMA and 200 DMA, so execution should be deferred until a test and potential rejection at resistance.

  • ↑Net interest income rose 20% YoY to $12.1M in Q1 2026.
  • ↑15% dividend yield appeals to income-oriented shareholders.
  • ↓High leverage led to a $7.4M net loss from valuation swings.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Angel Oak Mortgage REIT (AOMR) is a leading player in the mortgage real estate investment trust (REIT) space specifically targeting non-qualified mortgage (non-QM) loans. The company focuses on acquiring, financing, and securitizing these loans, positioning itself strategically to tap into the growing demand for tailored mortgage solutions amidst fluctuating market dynamics. With a well-established securitization platform, AOMR operates effectively in a complex economic environment marked by geopolitical factors and shifting interest rates.

Bull says

  • ↑Net interest income rose 20% YoY to $12.1M in Q1 2026.
  • ↑15% dividend yield appeals to income-oriented shareholders.
  • ↑Non-QM loan demand remains durable, supporting revenue growth.
  • ↑Weighted average credit score of 759 and 2.7% delinquency rate.
  • ↑Well-established securitization platform enables four deals per year.
  • ↑Book-to-price ratio implies potential undervaluation relative to NAV.

Bear says

  • ↓High leverage led to a $7.4M net loss from valuation swings.
  • ↓Book value per share fell 4% to $10.31.
  • ↓15% dividend yield may not be covered by earnings.
  • ↓Analyst revisions are negative, signaling weak sentiment ahead.
  • ↓Competition and rate volatility could squeeze margins and spreads.
  • ↓Size and liquidity challenges may limit growth scalability.

Investment themes with AOMR

Mortgage REITs↑ +0.54%

NLY · AGNC · STWD

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • We expect to continue our trend of four securitizations per year, or roughly one per quarter.
  • interest income and net interest income grew by 4% and 11%, respectively.
  • Loan purchases during the quarter totaled $246.2 million and continue to reflect conservative credit profiles, moderate loans value ratios, and current market coupons that we believe remain attractive on a risk-adjusted basis.

Bear points

  • In the first quarter, we had a gap net loss of $7.4 million, or a loss of 30 cents per common diluted share. Loss was driven by unrealized valuation changes on our securitized and unsecuritized loan portfolios, largely tied to macroeconomic market volatility toward the end of the quarter, which offset positive operating growth.
  • Gap book value per share decreased 4% and economic book value decreased 3.3%. Changes in book value to their quarter were reflective of operating income offset by a quarterly dividend payment and a previously discussed market-driven valuation decrease within a portfolio.
  • In the first quarter, we had a gap net loss of $7.4 million, or a loss of 30 cents per common diluted share. Loss was driven by unrealized valuation changes on our securitized and unsecuritized loan portfolios, largely tied to macroeconomic market volatility toward the end of the quarter, which offset positive operating growth.
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