Angel Oak Mortgage REIT Inc Stock Price, News & Analysis

Angel Oak Mortgage, Inc. (NYSE: AOMR) will announce its fourth quarter and full year 2021 financial results on March 15, 2022, after market closure. A conference call is scheduled for 5:00 p.m. Eastern Time that same day. Investors can access a webcast at the Company’s website. Angel Oak Mortgage specializes in acquiring first lien non-agency loans and mortgage-related assets, aiming to deliver attractive risk-adjusted returns through cash distributions and capital appreciation. More information is available at www.angeloakreit.com.

Angel Oak Mortgage, Inc. (NYSE: AOMR) has successfully closed a $537.6 million securitization backed by residential mortgage loans, marking its eighth securitization since its IPO. The company has now securitized over $1.2 billion of non-QM loans. The recent securitization, AOMT 2022-1, consisted of 1,138 loans with a weighted average coupon of 4.48% and received a AAA rating from Fitch. Angel Oak expects to originate over $7.5 billion in non-QM loans in 2022, significantly up from $3.9 billion in 2021, highlighting its leadership in the non-QM mortgage space.

Angel Oak Mortgage Inc. (NYSE: AOMR) announced the successful closing of its seventh securitization, AOMT 2021-7, totaling $386.9 million. This securitization primarily comprises residential mortgage loans, with $373.3 million of mortgage-backed securities placed at a 2.09% weighted average cost of funding. The loans had an average coupon of 4.89%, showcasing strong credit metrics with a credit score of 738, loan-to-value ratio of 72.2%, and debt-to-income ratio of 31.9%. This achievement reflects the company’s consistent securitization strategy and positive market reception for non-QM assets.

Angel Oak Mortgage, Inc. (NYSE: AOMR) reported strong financial results for the third quarter of 2021, achieving a GAAP net income of $6.3 million and EPS of $0.25. Year-to-date, the GAAP net income reached $18.1 million with an EPS of $0.93. The company declared a dividend of $0.36 per share, reflecting its solid performance. The portfolio grew to over $1.7 billion, supported by $534 million in new loan purchases and a successful $316.6 million securitization. With substantial liquidity of $749 million, the company is well-positioned for future investments.

Angel Oak Mortgage, Inc. (NYSE: AOMR) has declared a quarterly dividend of $0.36 per share, payable on November 30, 2021, to shareholders recorded by November 22, 2021. The company focuses on acquiring first lien non-agency loans and other mortgage-related assets in the U.S. mortgage market, aiming to generate attractive risk-adjusted returns for shareholders. The company is externally managed by an affiliate of Angel Oak Capital Advisors, a prominent alternative credit manager.

Angel Oak Mortgage, Inc. (NYSE: AOMR) announced it will release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call will follow at 5 p.m. ET that day, available via a webcast on their website. Investors can participate by calling 1-877-407-9716 domestically or 1-201-493-6779 internationally. A playback of the call will be available until November 23, 2021.

Angel Oak Mortgage, Inc. (NYSE: AOMR) has closed a $316.6 million securitization backed by residential mortgage loans, marking its sixth and first sole securitization. The deal, AOMT 2021-4, included 632 loans and achieved a weighted average coupon of 5.24% with a credit score average of 739. The securitization was rated AAA by Fitch and Kroll, reflecting strong investor demand for non-QM assets. CFO Brandon Filson expressed confidence in ongoing loan acquisition strategies amidst robust housing demand in the U.S.

Angel Oak Mortgage, Inc. (NYSE: AOMR) reported strong second-quarter results, demonstrating resilience in a robust housing market. The Company raised $176.8 million through its IPO on June 21, 2021, achieving a GAAP net income of $2.2 million, or $0.13 per share, for the quarter. Year-to-date net income reached $11.7 million, or $0.72 per share, while GAAP book value increased to $19.48 per share. A quarterly dividend of $0.12 per share was declared, payable August 31, 2021. The portfolio expanded to $1.3 billion, with significant loan acquisitions bolstering its assets.

Angel Oak Mortgage (NYSE: AOMR) announced the release of its second quarter 2021 financial results on August 12, 2021, after market close. A conference call is scheduled for the same day at 5 p.m. EDT, with a webcast available on the Company’s website. Angel Oak Mortgage REIT specializes in investing in non-QM loans and mortgage assets, aiming to provide attractive risk-adjusted returns to stockholders through cash distributions and capital appreciation, even amid fluctuating interest rates and credit markets.