Real Estate - REIT - Mortgage - NYSE - US
$ 2.73
-2.15 %
$ 90.2 M
Market Cap
-4.87
P/E
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.[ Read More ]
The intrinsic value of one CHMI stock under the base case scenario is HIDDEN Compared to the current market price of 2.73 USD, Cherry Hill Mortgage Investment Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CHMI
FINANCIALS
0
REVENUE
-34.9 M
OPERATING INCOME
-34.8 M
NET INCOME
40.7 M
OPERATING CASH FLOW
-104 M
INVESTING CASH FLOW
67.2 M
FINANCING CASH FLOW
0
REVENUE
246 K
OPERATING INCOME
-12.2 M
NET INCOME
4.37 M
OPERATING CASH FLOW
-96.9 M
INVESTING CASH FLOW
88.7 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Cherry Hill Mortgage Investment Corporation
| Current Assets | 87.8 M |
| Cash & Short-Term Investments | 72.4 M |
| Receivables | 0 |
| Other Current Assets | 15.5 M |
| Non-Current Assets | 2.53 B |
| Long-Term Investments | 1.29 B |
| PP&E | 0 |
| Other Non-Current Assets | 1.24 B |
| Current Liabilities | 1.01 B |
| Accounts Payable | 6 M |
| Short-Term Debt | 998 M |
| Other Current Liabilities | 9.64 M |
| Non-Current Liabilities | 105 M |
| Long-Term Debt | 105 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Cherry Hill Mortgage Investment Corporation
| Revenue | 0 |
| Cost Of Revenue | 11.2 M |
| Gross Profit | -21.2 M |
| Operating Expenses | 13.7 M |
| Operating Income | -34.9 M |
| Other Expenses | -138 K |
| Net Income | -34.8 M |
RATIOS
0.00%
GROSS MARGIN
0.00%
OPERATING MARGIN
0.00%
NET MARGIN
-13.62%
ROE
-2.50%
ROA
-2.61%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cherry Hill Mortgage Investment Corporation
| Net Income | -34.8 M |
| Depreciation & Amortization | -1.64 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 676 K |
| Change in Working Capital | 15.6 M |
| Others | 76.4 M |
| Free Cash Flow | 40.7 M |
Wall Street Analysts Price Targets
Cherry Hill Mortgage Investment Corporation
CHMI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
6.44%
DIVIDEND YIELD
0.15 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Cherry Hill Mortgage Investment Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Nov 10, 2023
|
Bought 29.9 K USD
|
Lown Jeffrey B
President |
+ 8621
|
3.474 USD |
|
1 year ago
Jun 20, 2023
|
Bought 28.8 K USD
|
Lown Jeffrey B
President |
+ 6000
|
4.794 USD |
|
2 years ago
Sep 29, 2022
|
Bought 7.69 K USD
|
Lown Jeffrey B
director: President |
+ 1500
|
5.129 USD |
|
4 years ago
Nov 14, 2020
|
Sell 99.8 K USD
|
Lowrie Regina
Director |
- 11186
|
8.92 USD |
|
4 years ago
Mar 12, 2020
|
Bought 6.38 K USD
|
Lown Jeffrey B
President |
+ 650
|
9.82 USD |
|
4 years ago
Mar 09, 2020
|
Bought 12.9 K USD
|
Evans Julian
Chief Investment Officer |
+ 1000
|
12.91 USD |
|
4 years ago
Mar 09, 2020
|
Bought 7.97 K USD
|
Lown Jeffrey B
President |
+ 620
|
12.85 USD |
|
4 years ago
Mar 05, 2020
|
Bought 14.9 K USD
|
Lown Jeffrey B
President |
+ 1000
|
14.86 USD |
|
5 years ago
Jul 26, 2019
|
Bought 735 USD
|
Lown Jeffrey B
President |
+ 47.633
|
15.4305 USD |
|
5 years ago
Jun 05, 2019
|
Bought 8.16 K USD
|
Evans Julian
Chief Investment Officer |
+ 500
|
16.32 USD |
|
5 years ago
Jun 05, 2019
|
Bought 8.18 K USD
|
Evans Julian
Chief Investment Officer |
+ 500
|
16.35 USD |
|
5 years ago
Jun 05, 2019
|
Bought 12.3 K USD
|
Lown Jeffrey B
President |
+ 750
|
16.38 USD |
|
5 years ago
May 31, 2019
|
Bought 12.2 K USD
|
Lown Jeffrey B
President |
+ 750
|
16.3048 USD |
|
5 years ago
Dec 31, 2018
|
Bought 34.8 K USD
|
Lown Jeffrey B
President |
+ 2000
|
17.42 USD |
|
7 years ago
Aug 10, 2017
|
Bought 20 K USD
|
Evans Julian
Chief Investment Officer |
+ 800
|
25 USD |
|
7 years ago
Mar 24, 2017
|
Bought 33 K USD
|
Levine Martin
Chief Financial Officer |
+ 2000
|
16.48 USD |
|
7 years ago
Mar 23, 2017
|
Bought 12.4 K USD
|
Lown Jeffrey B
President |
+ 750
|
16.5 USD |
|
7 years ago
Mar 24, 2017
|
Bought 16.5 K USD
|
Evans Julian
Chief Investment Officer |
+ 1000
|
16.5 USD |
|
8 years ago
Nov 18, 2016
|
Bought 17.2 K USD
|
Levine Martin
Chief Financial Officer |
+ 1000
|
17.16 USD |
|
8 years ago
Nov 18, 2016
|
Bought 8.52 K USD
|
Lown Jeffrey B
President |
+ 500
|
17.04 USD |
|
8 years ago
May 13, 2016
|
Bought 14.7 K USD
|
Levine Martin
Chief Financial Officer |
+ 1000
|
14.72 USD |
|
8 years ago
May 13, 2016
|
Bought 7.37 K USD
|
Evans Julian
Chief Investment Officer |
+ 500
|
14.74 USD |
|
9 years ago
Aug 14, 2015
|
Bought 16.2 K USD
|
Levine Martin
Chief Financial Officer |
+ 1000
|
16.21 USD |
|
9 years ago
May 14, 2015
|
Bought 17.8 K USD
|
Lown Jay
President and CIO |
+ 1000
|
17.8 USD |
|
9 years ago
May 14, 2015
|
Bought 17.9 K USD
|
Levine Martin
Chief Financial Officer |
+ 1000
|
17.9 USD |
|
10 years ago
May 16, 2014
|
Bought 19 K USD
|
Murin Joseph J
Director |
+ 1000
|
18.96 USD |
|
10 years ago
Aug 25, 2014
|
Bought 29.7 K USD
|
Levine Martin
Chief Financial Officer |
+ 1500
|
19.78 USD |
|
10 years ago
May 16, 2014
|
Bought 60.8 K USD
|
Levine Martin
Chief Financial Officer |
+ 3200
|
19 USD |
|
10 years ago
May 16, 2014
|
Bought 25.5 K USD
|
Lown Jay
President and CIO |
+ 1350
|
18.87 USD |
|
11 years ago
Oct 08, 2013
|
Sell 3.56 M USD
|
Citadel GP LLC
10 percent owner |
- 200000
|
17.8 USD |
|
11 years ago
Oct 07, 2013
|
Bought 107 K USD
|
Citadel GP LLC
10 percent owner |
+ 5800
|
18.41 USD |
|
11 years ago
Oct 07, 2013
|
Sell 162 K USD
|
Citadel GP LLC
10 percent owner |
- 8855
|
18.3 USD |
|
11 years ago
Oct 09, 2013
|
Bought 75 K USD
|
Lown Jay
Chief Investment Officer |
+ 3750
|
20 USD |
|
11 years ago
Oct 09, 2013
|
Bought 104 K USD
|
Levine Martin
Chief Financial Officer |
+ 5900
|
17.58 USD |
|
11 years ago
Oct 04, 2013
|
Bought 1.38 M USD
|
Citadel GP LLC
10 percent owner |
+ 75000
|
18.44 USD |
|
11 years ago
Oct 04, 2013
|
Sell 459 K USD
|
Citadel GP LLC
10 percent owner |
- 25000
|
18.37 USD |
|
11 years ago
Oct 04, 2013
|
Bought 2.11 M USD
|
Citadel GP LLC
10 percent owner |
+ 113760
|
18.59 USD |
|
11 years ago
Oct 04, 2013
|
Bought 0 USD
|
Citadel GP LLC
10 percent owner |
+ 75000
|
0 USD |
|
11 years ago
Oct 04, 2013
|
Sell 2.06 M USD
|
Citadel GP LLC
10 percent owner |
- 110705
|
18.59 USD |
7. News
Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that the Company has commenced operations as a fully integrated, internally managed mortgage REIT and has terminated the management agreement with its external manager, Cherry Hill Mortgage Management, LLC (the “Manager”), effective as of November 14, 2024. The management agreement was terminated upon the completion of an internalization event in which, among other thing.
businesswire.com
- 2 days ago
Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations, ICR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matt Howlett - B. Riley Securities Operator Ladies and gentlemen, thank you for standing by.
seekingalpha.com
- 4 days ago
Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the third quarter 2024. Third Quarter 2024 Highlights GAAP net loss applicable to common stockholders of $14.8 million, or $0.49 per share. Earnings available for distribution (“EAD”) attributable to common stockholders of $2.5 million, or $0.08 per diluted share. Common book value per share of $4.02 at September 30, 2024. GAAP net loss applic.
businesswire.com
- 4 days ago
10.7% Preferred Share From Cherry Hill
CHMI-B preferred shares carry a high-risk rating of 5, making them suitable only as a trading tool, not a long-term investment. Despite an attractive stripped yield of 10.7%, CHMI-B is overpriced given its significant risk, with better options available in short-term treasury ETFs. The common equity to preferred liquidation ratio of 0.97 indicates substantial downside risk, as common equity wouldn't cover all outstanding preferred shares in liquidation.
seekingalpha.com
- 1 week ago
Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release third quarter 2024 financial results after the market closes on November 12, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's third quarter 2024. Webcast: A live webcast of the conference call will be available in the investor relations section of the Company's website at www.chmireit.com. To listen to the li.
businesswire.com
- 1 week ago
8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
CHMI-A is currently overpriced; consider buying only if the price drops to $20.56 due to high risk associated with CHMI. Stripped price is crucial; with an expected ex-dividend date of 9/30/24, the stripped price is around $23.76. CHMI-A offers a decent yield but has a poor common equity to preferred equity ratio, making it riskier compared to peers like NLY.
seekingalpha.com
- 1 month ago
Cherry Hill Mortgage's Performance For Q2 2024
Cherry Hill Mortgage had a slightly underperforming quarter, with a 3.4% BV variance and a minor decrease in adjusted core earnings/EAD. CHMI's fixed-rate agency MBS sub-portfolio increased unexpectedly, leading to BV underperformance, while derivative instruments and MSR sub-portfolio matched projections. CHMI remains a speculative investment with high-risk but potential rewards, currently holding a 4.5 risk/performance rating and a Hold recommendation.
seekingalpha.com
- 1 month ago
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2024
FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company's common stock for the third quarter of 2024. The dividend will be payable in cash on October 31, 2024 to holders of the common stock of record as of the close of business on September 30, 2024. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on t.
businesswire.com
- 2 months ago
The Return Of Volatility
In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."
seekingalpha.com
- 3 months ago
Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024 Earnings Call Transcript
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations Jay Lown - President and CEO Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matthew Howlett - B. Riley Securities Operator Good day, and welcome to the Cherry Hill Mortgage Investment Corporation's Second Quarter 2024 Conference Call.
seekingalpha.com
- 3 months ago
Is the Options Market Predicting a Spike in Cherry Hill Mortgage (CHMI) Stock?
Investors need to pay close attention to Cherry Hill Mortgage (CHMI) stock based on the movements in the options market lately.
zacks.com
- 3 months ago
12%+ Dividend Yields Duel
This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.
seekingalpha.com
- 4 months ago
8. Profile Summary
Cherry Hill Mortgage Investment Corporation CHMI
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 90.2 M
Dividend Yield
6.44%
Description
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.
Contact
1451 Route 34, Farmingdale, NJ, 07727
https://www.chmireit.com
IPO Date
Oct. 4, 2013
Employees
0
Officers
Mr. Michael Andrew Hutchby
Chief Financial Officer, Treasurer, Secretary & Head of Investor Relations
Robert Wipperman
General Counsel
Mr. Jeffrey B. Lown II
President, Chief Executive Officer & Director
Mr. Raymond Slater
Senior Vice President & MSR Portfolio Manager