Angel Oak Mortgage REIT, Inc. Announces Public Offering of Senior Notes
Public Offering Announcement: Angel Oak Mortgage REIT, Inc. is initiating an underwritten public offering of senior notes due 2030, which will be guaranteed by its operating partnership and the proceeds will be used for general corporate purposes, including acquiring non-qualified residential mortgage loans.
Management and Listing Details: The offering is managed by RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, and Piper Sandler, with plans to list the notes on the New York Stock Exchange under the symbol "AOMD".
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- Earnings Miss: Angel Oak Mortgage reported a Q4 Non-GAAP EPS of $0.29, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth Challenges: The company generated $10.89 million in revenue, a 10.4% year-over-year increase, yet fell short of expectations by $0.44 million, reflecting intensified market competition and challenges in business expansion.
- Dividend Announcement: A dividend of $0.32 per share of common stock was declared, to be paid on February 27, 2026, aiming to attract and retain investor interest despite the disappointing earnings performance.
- Book Value Fluctuations: As of December 31, 2025, GAAP book value stood at $10.74 per share, a 5.6% increase year-over-year, while economic book value decreased by 3.1% to $12.70 per share, indicating asset quality volatility that may impact future financing capabilities.

Analyst Rating Update: UBS analyst Doug Harter has reduced the price target for Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) from $10 to $9.75 while maintaining a Neutral rating.
Q3 2025 Performance: The company reported a 13% year-over-year increase in net interest income and a 2% sequential improvement, alongside a 13% reduction in operating expenses compared to Q3 2024.
Strategic Moves: Angel Oak Mortgage REIT has retired two legacy securitizations and redirected capital into higher-yielding investments, while also establishing a new credit facility at favorable rates.
Investment Considerations: While AOMR shows potential as an investment, there are suggestions that certain AI stocks may offer better upside potential with less risk.
Insider Buying Activity: The Kingsbarn Dividend Opportunity ETF (DVDN) has 29.9% of its weighted holdings showing insider buying in the past six months.
Trinity Capital Inc (TRIN): TRIN, making up 6.80% of DVDN, has had 3 directors and officers purchase shares recently, with the ETF holding $225,758 worth of TRIN.
Angel Oak Mortgage REIT Inc (AOMR): AOMR, the #16 largest holding in DVDN, has seen 2 directors and officers file Form 4s for share purchases, with the ETF holding $136,902 worth of AOMR.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

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