Latest news with #AngelOak
Business Wire
02-06-2025
- Business
- Business Wire
Angel Oak Financial Strategies Income Term Trust Declares June 2025 Distribution
ATLANTA--(BUSINESS WIRE)-- The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund's investment experience during its fiscal year and will be made after the Fund's year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Angel Oak does not provide tax advice; shareholders should consult their tax advisor. A return of capital distribution does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income.' ABOUT FINS Led by Angel Oak's experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS' portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak. ABOUT ANGEL OAK CAPITAL ADVISORS, LLC Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit. Information regarding the Fund and Angel Oak Capital Advisors can be found at Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434. © 2025 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.
Yahoo
28-04-2025
- Business
- Yahoo
Seeking at Least 14% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
This month started with President Trump's tariff announcement sparking worries about trade wars, a weak dollar, and a possible recession. However, since the April 8 low, the S&P 500 has staged a rally, climbing 11%, after the Trump Administration signaled its willingness to de-escalate the tariff competition, and Beijing responded in kind. Add in a Q1 earnings season delivering more upside surprises than expected, and suddenly, optimism is making a comeback. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. It's still too early to call it a full recovery, but if momentum holds, this could turn into a self-sustaining rally, which will offer plenty of opportunities for investors to maximize their income. One popular way of boosting portfolio income, whether stocks go up or down, is investing in dividend stocks. The best dividend stock offers a combination of reliable payments, high yields, and share price growth – sound attributes for any income stream. Wall Street analysts are on board, suggesting two strong dividend stocks with yields north of 14%. According to the TipRanks database, both stocks also offer a solid double-digit upside potential over the next year. Let's dive in and take a closer look. Angel Oak Mortgage (AOMR) The first stock we'll look at is Angel Oak Mortgage, a real estate investment trust (REIT), whose main business thrust is in the acquisition of first-lien non-QM loans and other mortgage-related assets from the U.S. mortgage market. Through these investments, Angel Oak has built and maintains a portfolio capable of generating attractive risk-adjusted returns for its shareholders, returns that are realized through cash distributions – dividends – combined with capital appreciation. The company's key strength is its ability to maintain these returns across interest rate and credit cycles. Angel Oak is an externally managed REIT, and is affiliated with the larger company Angel Oak Capital Advisors LLC, an alternative credit manager that counts a vertically integrated mortgage origination platform among its subsidiary assets. Through this connection, Angel Oak Mortgage REIT has connections to all aspects of the mortgage business, from sourcing and acquiring loans, to allocating assets and managing the portfolio. The connection with Angel Oak Capital Advisors provides a key advantage for the mortgage REIT. As noted, Angel Oak Mortgage REIT is committed to strong capital returns, particularly to the dividend. The company last declared the dividend payment on February 6 of this year and paid it out on February 28, at a rate of 32 cents per common share. At that rate, the dividend annualizes to $1.28 per share and gives a powerful yield of 15%. This most recent declaration marked the 10th quarter in a row for the 32-cent dividend payment. Angel Oak supports its dividend with sound financial results. The company's last release covered 4Q24, and in that report it showed a top line, the net interest income, of $9.9 million. This was up 20% year-over-year and was in line with the market's expectations. At the bottom line, the company reported a Distributable Earnings of 42 cents — 16 cents per share better than the forecast and more than enough to fully cover the dividend. For B. Riley analyst Randy Binner the key points here are Angel Oak's high dividend yield and the overall portfolio quality. He writes, 'The dividend yield, plus our implied return to target, sets up a favorable risk-reward in our view. We forecast another good quarter of NII generation and will look for updates on non-QM growth opportunities in light of potential changes at the GSEs. 10-yr Treasury yields moved from 379bps to 457bps in 4Q24, lowering economic book value from $14.02 to $13.10 at YE24. Given that rates moved lower in 1Q25 and the 10-year ended at 421bps, we expect to see some recovery in BVPS…' 'We believe the portfolio has prepayment/refi protection as mortgage rates in the underlying portfolio are weighted towards higher coupons. Delinquency trends were favorable in 4Q24, and we expect that trend to continue in 1Q25, given our view that residential mortgage is among the better credit risk areas, as other areas have seen spread widening,' the analyst added. These comments support Binner's Buy rating on the stock, while his $12 price target points toward a potential one-year upside of 41%. Together with the dividend yield, the total return on this stock can reach as high as 56% for the coming year. (To watch Binner's track record, click here) Overall, there are 3 recent analyst reviews on record for Angel Oak Mortgage REIT, and they are unanimously positive for a Strong Buy consensus rating. The shares are currently priced at $8.48 and their $12.17 average price target implies a 43% upside by this time next year. (See AOMR stock forecast) TXO Energy Partners (TXO) Next on our list is an energy company, TXO Energy Partners. Like mortgage REITs, energy production firms like TXO have a reputation for delivering strong dividends. TXO earns the income that supports its dividends from the solid hydrocarbon acreage positions in several of the nation's best energy-producing regions. These include the Williston Basin of North Dakota and Montana; the San Juan Basin, straddling the Four Corners; and the famous Permian Basin along the Texas–New Mexico border. The company prioritizes its acreage holdings by several factors, including low geologic risk, low decline rates, and high recoveries, all relative to drilling and completion costs. This strategy has led TXO to build up a portfolio of profitable plays in both oil and natural gas, capable of generating benefits for the company and returns for shareholders. Company management has focused its land buys to acquire proven oil and gas production locations, in areas with long and well-known records of hydrocarbon generation. The goal is to build an energy portfolio that is more predictable and reliable than the higher-risk unconventional recovery plays. On the financial side, TXO realized $109.3 million in net cash provided by operating activities during calendar year 2024. That top-line figure provided a solid sum of cash available for distribution: $79.1 million. The total cash available for distribution was more than double the equivalent figure reported at the end of 2023. Distributions mean dividends, and TXO's last declaration, made on March 4, was for a payment of 61 cents per common share. The dividend was paid out on March 21, and the $2.44 annualized rate provided a yield of 14.5%. This last declaration marked the 8th consecutive quarter that TXO has paid out a common share dividend. TXO has caught the attention of Stifel analyst Selman Akyol, who sees the solid capital return and low-cost business model as attractive attributes for the company. 'We believe TXO Partners offers investors an attractive investment opportunity given its return of capital framework, which is supported by low production decline rates, low leverage and manageable capex levels. Furthermore, we believe each basin TXO is in presents its own unique growth opportunity set. Finally, the management team is well experienced and has a track record of extracting incremental value out of assets, and applying its skill set to potential acquisition targets… TXO aims to payout 100% of its cash available for distribution, which currently is resulting in a 4Q annualized yield of 14.4%. While distributions are variable and directly impacted by commodity prices, we believe low production decline rates are supportive of a higher payout,' Akyol opined. Akyol quantifies his stance on TXO with a Buy rating, and he gives the stock a $20 price target that suggests a gain of 18% on the one-year horizon. Add in the dividend yield, and this stock can bring a one-year return of 32.5%. (To watch Akyol's track record, click here) While there are only 2 recent reviews on record here, they are both positive – giving TXO a Moderate Buy consensus rating. The stock has a current selling price of $16.95, and its average target price of $21.50 implies a one-year upside potential of ~27%. (See TXO stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Business Insider
27-04-2025
- Business
- Business Insider
Seeking at Least 14% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
This month started with President Trump's tariff announcement sparking worries about trade wars, a weak dollar, and a possible recession. However, since the April 8 low, the S&P 500 has staged a rally, climbing 11%, after the Trump Administration signaled its willingness to de-escalate the tariff competition, and Beijing responded in kind. Add in a Q1 earnings season delivering more upside surprises than expected, and suddenly, optimism is making a comeback. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. It's still too early to call it a full recovery, but if momentum holds, this could turn into a self-sustaining rally, which will offer plenty of opportunities for investors to maximize their income. One popular way of boosting portfolio income, whether stocks go up or down, is investing in dividend stocks. The best dividend stock offers a combination of reliable payments, high yields, and share price growth – sound attributes for any income stream. Wall Street analysts are on board, suggesting two strong dividend stocks with yields north of 14%. According to the TipRanks database, both stocks also offer a solid double-digit upside potential over the next year. Let's dive in and take a closer look. Angel Oak Mortgage (AOMR) The first stock we'll look at is Angel Oak Mortgage, a real estate investment trust (REIT), whose main business thrust is in the acquisition of first-lien non-QM loans and other mortgage-related assets from the U.S. mortgage market. Through these investments, Angel Oak has built and maintains a portfolio capable of generating attractive risk-adjusted returns for its shareholders, returns that are realized through cash distributions – dividends – combined with capital appreciation. The company's key strength is its ability to maintain these returns across interest rate and credit cycles. Angel Oak is an externally managed REIT, and is affiliated with the larger company Angel Oak Capital Advisors LLC, an alternative credit manager that counts a vertically integrated mortgage origination platform among its subsidiary assets. Through this connection, Angel Oak Mortgage REIT has connections to all aspects of the mortgage business, from sourcing and acquiring loans, to allocating assets and managing the portfolio. The connection with Angel Oak Capital Advisors provides a key advantage for the mortgage REIT. As noted, Angel Oak Mortgage REIT is committed to strong capital returns, particularly to the dividend. The company last declared the dividend payment on February 6 of this year and paid it out on February 28, at a rate of 32 cents per common share. At that rate, the dividend annualizes to $1.28 per share and gives a powerful yield of 15%. This most recent declaration marked the 10th quarter in a row for the 32-cent dividend payment. Angel Oak supports its dividend with sound financial results. The company's last release covered 4Q24, and in that report it showed a top line, the net interest income, of $9.9 million. This was up 20% year-over-year and was in line with the market's expectations. At the bottom line, the company reported a Distributable Earnings of 42 cents — 16 cents per share better than the forecast and more than enough to fully cover the dividend. For B. Riley analyst Randy Binner the key points here are Angel Oak's high dividend yield and the overall portfolio quality. He writes, 'The dividend yield, plus our implied return to target, sets up a favorable risk-reward in our view. We forecast another good quarter of NII generation and will look for updates on non-QM growth opportunities in light of potential changes at the GSEs. 10-yr Treasury yields moved from 379bps to 457bps in 4Q24, lowering economic book value from $14.02 to $13.10 at YE24. Given that rates moved lower in 1Q25 and the 10-year ended at 421bps, we expect to see some recovery in BVPS…' 'We believe the portfolio has prepayment/refi protection as mortgage rates in the underlying portfolio are weighted towards higher coupons. Delinquency trends were favorable in 4Q24, and we expect that trend to continue in 1Q25, given our view that residential mortgage is among the better credit risk areas, as other areas have seen spread widening,' the analyst added. These comments support Binner's Buy rating on the stock, while his $12 price target points toward a potential one-year upside of 41%. Together with the dividend yield, the total return on this stock can reach as high as 56% for the coming year. (To watch Binner's track record, click here) Overall, there are 3 recent analyst reviews on record for Angel Oak Mortgage REIT, and they are unanimously positive for a Strong Buy consensus rating. The shares are currently priced at $8.48 and their $12.17 average price target implies a 43% upside by this time next year. (See AOMR stock forecast) TXO Energy Partners (TXO) Next on our list is an energy company, TXO Energy Partners. Like mortgage REITs, energy production firms like TXO have a reputation for delivering strong dividends. TXO earns the income that supports its dividends from the solid hydrocarbon acreage positions in several of the nation's best energy-producing regions. These include the Williston Basin of North Dakota and Montana; the San Juan Basin, straddling the Four Corners; and the famous Permian Basin along the Texas–New Mexico border. The company prioritizes its acreage holdings by several factors, including low geologic risk, low decline rates, and high recoveries, all relative to drilling and completion costs. This strategy has led TXO to build up a portfolio of profitable plays in both oil and natural gas, capable of generating benefits for the company and returns for shareholders. Company management has focused its land buys to acquire proven oil and gas production locations, in areas with long and well-known records of hydrocarbon generation. The goal is to build an energy portfolio that is more predictable and reliable than the higher-risk unconventional recovery plays. On the financial side, TXO realized $109.3 million in net cash provided by operating activities during calendar year 2024. That top-line figure provided a solid sum of cash available for distribution: $79.1 million. The total cash available for distribution was more than double the equivalent figure reported at the end of 2023. Distributions mean dividends, and TXO's last declaration, made on March 4, was for a payment of 61 cents per common share. The dividend was paid out on March 21, and the $2.44 annualized rate provided a yield of 14.5%. This last declaration marked the 8th consecutive quarter that TXO has paid out a common share dividend. TXO has caught the attention of Stifel analyst Selman Akyol, who sees the solid capital return and low-cost business model as attractive attributes for the company. 'We believe TXO Partners offers investors an attractive investment opportunity given its return of capital framework, which is supported by low production decline rates, low leverage and manageable capex levels. Furthermore, we believe each basin TXO is in presents its own unique growth opportunity set. Finally, the management team is well experienced and has a track record of extracting incremental value out of assets, and applying its skill set to potential acquisition targets… TXO aims to payout 100% of its cash available for distribution, which currently is resulting in a 4Q annualized yield of 14.4%. While distributions are variable and directly impacted by commodity prices, we believe low production decline rates are supportive of a higher payout,' Akyol opined. Akyol quantifies his stance on TXO with a Buy rating, and he gives the stock a $20 price target that suggests a gain of 18% on the one-year horizon. Add in the dividend yield, and this stock can bring a one-year return of 32.5%. (To watch Akyol's track record, click here) While there are only 2 recent reviews on record here, they are both positive – giving TXO a Moderate Buy consensus rating. The stock has a current selling price of $16.95, and its average target price of $21.50 implies a one-year upside potential of ~27%. (See TXO stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
26-04-2025
- Business
- Yahoo
Should You Buy Brookfield Asset Management While It's Below $55?
Like many stocks, Brookfield Asset Management (NYSE: BAM) has slumped this year. Shares of the leading global alternative asset manager were recently below $55 a piece, down more than 15% from their high earlier this year. Here's a look at whether the dip is a buying opportunity or if investors should wait for the stock to fall even further. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Brookfield Asset Management is coming off an excellent year. It generated nearly $2.5 billion in fee-related earnings last year, a more than 10% increase from 2023. Its growth rate accelerated during the year as the company raised capital from investors and deployed it into fee-bearing investments. Brookfield raised $135 billion from investors last year, including a record $29 billion in the fourth quarter. That helped drive an 18% increase in fee-bearing capital during the fourth quarter and a 17% uptick in fee-related earnings in that period. That gave it a lot of momentum heading into 2025. President Connor Teskey stated in the fourth-quarter earnings press release that "2025 is shaping up to be yet another record year for us." Brookfield has continued to grow its investment platforms this year. It recently closed its inaugural infrastructure structured solutions fund, achieving its $1 billion target. The company also entered into a strategic partnership with Angel Oak, acquiring a majority stake in that business to expand its credit business. These and other growth drivers enabled Brookfield to hike its dividend by 15%. With its share price falling and dividend payment rising, it has a dividend yield of nearly 3.5% at the current sub-$55 share price. That's more than double the S&P 500's dividend yield (less than 1.5%). Brookfield's progress over the past year has put it in a strong position to continue growing briskly. The company ended last year with $539 billion of fee-bearing capital. It plans to increase its fee-bearing assets under management (AUM) to around $1.1 trillion by 2029 as it expands its various investment platforms. That growing fee-bearing capital will increase the company's fee-related income and distributable earnings. Brookfield sees its fee-related earnings rising at a 17% compound annual rate through the end of the decade, more than doubling the total to $5 billion. Meanwhile, it expects distributable earnings (DE) to grow at an 18% compound annual rate, increasing from almost $2.4 billion last year to $5.1 billion in 2029. It plans to pay most of its distributable earnings to investors in dividends (95% payout ratio). That puts it on track to grow its dividend at a 15% annual rate over the next several years. Given its already higher dividend yield, Brookfield will provide investors with an increasingly lucrative stream of dividend income in the coming years. With its business on track to more than double its earnings over the next five years, Brookfield's stock has significant upside potential. While the stock isn't a screaming value right now (it trades at about 35 times its 2024 DE), it's on track to more than grow into its valuation over the next several years (it trades at about 18 times its 2029 DE). In addition to the upside in its stock price, Brookfield offers a lucrative and rapidly growing stream of dividend income, adding to its total return potential. The recent dip in Brookfield Asset Management's stock below $55 a share looks like a great buying opportunity. The leading global alternative asset manager now offers a higher dividend yield and a lower valuation. That puts investors in an even better position to earn a strong total return in the coming years as the company grows its earnings and dividend at the expected 15%+ annual rate. It can potentially deliver total returns at around that same annualized level. Before you buy stock in Brookfield Asset Management, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brookfield Asset Management wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Matt DiLallo has positions in Brookfield Asset Management. The Motley Fool has positions in and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy. Should You Buy Brookfield Asset Management While It's Below $55? was originally published by The Motley Fool Sign in to access your portfolio
Business Wire
23-04-2025
- Business
- Business Wire
KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-HB1 (AOMT 2025-HB1)
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage-backed notes from Angel Oak Mortgage Trust 2025-HB1 (AOMT 2025-HB1), a $191.3 million RMBS transaction sponsored by Angel Oak Real Estate Investment Trust III (Angel Oak), consisting of first lien (9.1%) and second lien (86.2%) home equity line of credit (HELOC; 95.2% total HELOC population) loans, as well as 4.8% closed-end second (CES) loans. The underlying pool is seasoned approximately six months and comprises 1,856 loans, with Homebridge Financial Services, Inc. (Homebridge; 87.9%) and Angel Oak Mortgage Solutions LLC (Angel Oak; 11.2%) as the largest contributing originators in the transaction. The HELOC loans are structured as interest-only (IO) adjustable-rate mortgages (ARMs), nearly all of which have initial draw periods of five years. Following the IO period, most loans transition to amortization terms of either 10-years (86.8%) or 15-years (6.9%). The CES loans consist exclusively of fixed-rate mortgages (FRMs), predominantly featuring 30-year amortization terms. As of the April 1, 2025 cut-off date, the HELOC borrowers have drawn $182.2 million from a total credit limit of $227.9, reflecting a utilization rate of 79.9% for the HELOC population. If HELOC borrowers were to fully draw their available credit lines, HELOC loans would represent 96.1% of the aggregate pool. The AOMT 2025-HB1 deal structure incorporates excess spread along with a sequential interest waterfall and pro-rata/sequential-pay hybrid principal payment waterfall. Losses will be allocated reverse sequentially beginning with the Class B-3 Notes through to the Class A-1 Notes. To access ratings and relevant documents, click here. Click here to view the report. Related Publications Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009159
