1.54%
24.62%
-2.08%
-14.10%
-8.36%
-59.43%
-78.58%
AI Spotlight on CHMI
Company 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.
Market Data
| Last Price | 3.29 |
| Change Percentage | 1.54% |
| Open | 3.25 |
| Previous Close | 3.24 |
| Market Cap ( Millions) | 104 |
| Volume | 410384 |
| Year High | 3.99 |
| Year Low | 2.5 |
| M A 50 | 2.75 |
| M A 200 | 3.36 |
Financial Ratios
| FCF Yield | 7.66% |
| Dividend Yield | 18.24% |
| ROE | -13.40% |
| Debt / Equity | 63.73% |
| Net Debt / EBIDTA | 662.30% |
| Price To Book | 0.42 |
| Price Earnings Ratio | -3.05 |
| Price To FCF | 13.05 |
| Price To sales | 3.08 |
| EV / EBITDA | 13.47 |
News
- Jan -27 - Cherry Hill Mortgage Investment Corporation Announces Taxable Composition of 2024 Dividends
- Nov -18 - Cherry Hill Mortgage Investment Corporation Series B Still Attractive Despite Floating Rate Risk
- Nov -14 - Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
- Nov -13 - Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript
- Nov -12 - Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
- Nov -10 - 10.7% Preferred Share From Cherry Hill
- Nov -08 - Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
- Sep -26 - 8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
- Sep -18 - Cherry Hill Mortgage's Performance For Q2 2024
- Aug -11 - The Return Of Volatility
- Aug -10 - Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024 Earnings Call Transcript
- Jul -25 - Is the Options Market Predicting a Spike in Cherry Hill Mortgage (CHMI) Stock?
- Jul -12 - 12%+ Dividend Yields Duel
- Jul -08 - Cherry Hill Mortgage Investment Corporation: Series B Preferred Offering 11% Yield
- Jul -02 - Cherry Hill Mortgage Investment: Series A Preferred Shares Look Attractive
- Jun -25 - Cherry Hill Mortgage Investment: Risk Is Well Managed
- May -06 - Cherry Hill Mortgage Investment Corporation Announces First Quarter 2024 Results
- May -01 - Cherry Hill Mortgage Investment Corporation Sets Date for First Quarter 2024 Earnings Release and Conference Call
- Apr -22 - Cherry Hill Mortgage Investment Corporation Announces Exploration of Strategic Alternatives
- Apr -18 - 10% Yields Or Higher
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Servicing Related Assets
Expected Growth : 7.43 %
What the company do ?
Servicing Related Assets from Cherry Hill Mortgage Investment Corporation refers to the rights to service mortgage loans, generating income from fees and interest.
Why we expect these perspectives ?
Cherry Hill Mortgage Investment Corporation's Servicing Related Assets growth of 7.43% is driven by increasing mortgage servicing rights (MSRs) valuations, expansion of mortgage loan origination volumes, and a rise in interest rates. Additionally, the company's strategic acquisitions and effective cost management have contributed to the growth.
Segment n°2 -> Residential Mortgage-backed Securities
Expected Growth : 7.53 %
What the company do ?
Residential Mortgage-backed Securities from Cherry Hill Mortgage Investment Corporation are financial instruments representing an ownership interest in a pool of residential mortgages, providing a regular income stream.
Why we expect these perspectives ?
The 7.53% growth in Residential Mortgage-backed Securities from Cherry Hill Mortgage Investment Corporation is driven by increasing demand for housing, low interest rates, and government-backed guarantees. Additionally, the corporation's diversified portfolio, strong credit quality, and efficient risk management practices contribute to its growth. Furthermore, the Federal Reserve's accommodative monetary policy and the ongoing economic recovery also support the growth of the RMBS market.
Cherry Hill Mortgage Investment Corporation Products
| Product Range | What is it ? |
|---|---|
| Mortgage Servicing Rights | Cherry Hill Mortgage Investment Corporation acquires and manages mortgage servicing rights, which provide a steady stream of income from the servicing of mortgage loans. |
| Excess Mortgage Servicing Rights | The company acquires and manages excess mortgage servicing rights, which provide additional income from the servicing of mortgage loans. |
| Mortgage-Backed Securities | Cherry Hill Mortgage Investment Corporation invests in mortgage-backed securities, which provide a return based on the cash flows from the underlying mortgage loans. |
| Whole Loans | The company acquires and manages whole loans, which provide a return based on the interest and principal payments from the underlying mortgage loans. |
| Non-Agency Residential Mortgage-Backed Securities | Cherry Hill Mortgage Investment Corporation invests in non-agency residential mortgage-backed securities, which provide a return based on the cash flows from the underlying mortgage loans. |
Cherry Hill Mortgage Investment Corporation's Porter Forces
Threat Of Substitutes
Cherry Hill Mortgage Investment Corporation operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's focus on mortgage investments and its diversified portfolio help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Cherry Hill Mortgage Investment Corporation's customers are primarily institutional investors, who have limited bargaining power due to the company's strong brand reputation and diversified portfolio.
Bargaining Power Of Suppliers
Cherry Hill Mortgage Investment Corporation relies on a diverse range of suppliers, including mortgage originators and servicers. While suppliers have some bargaining power, the company's scale and diversified portfolio help to mitigate this threat.
Threat Of New Entrants
The mortgage investment industry is highly competitive, and new entrants can easily enter the market. Cherry Hill Mortgage Investment Corporation's strong brand reputation and diversified portfolio help to mitigate this threat, but the company must continue to innovate and adapt to changing market conditions.
Intensity Of Rivalry
The mortgage investment industry is highly competitive, with many established players competing for market share. Cherry Hill Mortgage Investment Corporation must continue to differentiate itself through its diversified portfolio and strong brand reputation to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 81.19% |
| Debt Cost | 4.62% |
| Equity Weight | 18.81% |
| Equity Cost | 11.57% |
| WACC | 5.92% |
| Leverage | 431.49% |
Cherry Hill Mortgage Investment Corporation : Quality Control
Cherry Hill Mortgage Investment Corporation passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| EARN | Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including … |
| DX | Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting … |
| TWO | Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and … |
| RWT | Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, … |
| MFA | MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Ellington Residential Mortgage REIT
A-Score
1-Year Total Return ->
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Two Harbors Investment
A-Score
1-Year Total Return ->
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Dynex Capital
A-Score
1-Year Total Return ->
4
MFA Financial
A-Score
1-Year Total Return ->
5
Redwood Trust
A-Score
1-Year Total Return ->
6
