Angel Oak Mortgage Inc

Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the U.S. mortgage market. Its investments include residential and commercial mortgage loans, non-agency residential mortgage-backed securities, and related instruments such as futures contracts, securitization obligations, bridge loans, mezzanine loans, construction loans, B-Notes, and home equity lines of credit. The company qualifies as a real estate investment trust for federal income tax purposes and generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to stockholders. Formerly known as Angel Oak Mortgage, Inc., it changed its name to Angel Oak Mortgage REIT, Inc. in March 2023, was incorporated in 2018, and is headquartered in Atlanta, Georgia.

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BTIG Lowers Angel Oak Mortgage REIT Target to $10, Keeps Buy Rating

BTIG lowered its price target on Angel Oak Mortgage REIT to $10 from $13.50 while reiterating a Buy rating. The firm noted that residential credit-focused mortgage REITs offer more attractive valuations and greater long-term book value upside than agency-focused peers. During the first-quarter 2026 earnings call, CEO Sreeniwas Prabhu highlighted continued operating growth and net interest income expansion, though results were pressured by unfavorable valuation impacts from rising interest rates and credit spreads. CFO Brandon Filson reported a GAAP net loss of $7.4 million, or $0.30 per diluted share, driven by unrealized valuation changes in loan portfolios amid macroeconomic volatility.

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