Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States.
High growth potential and fair value.
Share Price & News
How has Cherry Hill Mortgage Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHMI has not had significant price volatility in the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: CHMI underperformed the US Mortgage REITs industry which returned 8.4% over the past year.
Return vs Market: CHMI underperformed the US Market which returned 19.3% over the past year.
Price Volatility Vs. Market
How volatile is Cherry Hill Mortgage Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCould The Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Ownership Structure Tell Us Something Useful?
3 months ago | Simply Wall StHow Much Of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Do Insiders Own?
7 months ago | Simply Wall StIf You Had Bought Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Five Years Ago You'd Have A Total Return Of 42%
Is Cherry Hill Mortgage Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHMI ($16.31) is trading below our estimate of fair value ($60.26)
Significantly Below Fair Value: CHMI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHMI is unprofitable, so we can't compare its PE Ratio to the Mortgage REITs industry average.
PE vs Market: CHMI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CHMI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CHMI is good value based on its PB Ratio (0.9x) compared to the US Mortgage REITs industry average (1.1x).
How is Cherry Hill Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHMI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CHMI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CHMI's is expected to become profitable in the next 3 years.
Revenue vs Market: CHMI's revenue (41.4% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: CHMI's revenue (41.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CHMI's Return on Equity is forecast to be high in 3 years time
How has Cherry Hill Mortgage Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHMI is currently unprofitable.
Growing Profit Margin: CHMI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CHMI is unprofitable, and losses have increased over the past 5 years at a rate of -8.8% per year.
Accelerating Growth: Unable to compare CHMI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CHMI is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (7.3%).
Return on Equity
High ROE: CHMI has a negative Return on Equity (-21.99%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Cherry Hill Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CHMI has a low level of unsold assets or inventory.
Debt Coverage by Assets: CHMI's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CHMI has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: CHMI has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: CHMI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CHMI has a sufficient allowance for bad loans.
Low Risk Liabilities: CHMI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CHMI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CHMI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CHMI has an appropriate level of bad loans.
What is Cherry Hill Mortgage Investment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CHMI's dividend (9.81%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CHMI's dividend (9.81%) is in the top 25% of dividend payers in the US market (3.71%)
Stability and Growth of Payments
Stable Dividend: CHMI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CHMI has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: CHMI is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CHMI's dividends in 3 years are forecast to be covered by earnings (87.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Lown (55yo)
Mr. Jeffrey B. Lown II, also known as Jay, has been the President of Cherry Hill Mortgage Investment Corporation since October 2012 and has been its Chief Executive Officer since March 23, 2017 and served ...
|Chief Investment Officer||3.9yrs||US$95.39k||0.025% $69.6k|
|CFO, Treasurer||0.7yrs||no data||no data|
Experienced Management: CHMI's management team is considered experienced (2.9 years average tenure).
|Lead Independent Director||5.9yrs||US$112.50k||0.12% $331.8k|
|Independent Director||2.9yrs||US$105.00k||0.058% $159.7k|
|Independent Director||4.7yrs||US$102.50k||0.089% $245.5k|
Experienced Board: CHMI's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.5%.
Cherry Hill Mortgage Investment Corporation's company bio, employee growth, exchange listings and data sources
- Name: Cherry Hill Mortgage Investment Corporation
- Ticker: CHMI
- Exchange: NYSE
- Founded: 2012
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$276.904m
- Market Cap: US$275.584m
- Shares outstanding: 17.17m
- Website: https://www.chmireit.com
Number of Employees
- Cherry Hill Mortgage Investment Corporation
- 1451 Route 34
- Suite 303
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CHMI||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2013|
|CHMI.PRA||NYSE (New York Stock Exchange)||8.20% CUM PFD A||US||USD||Aug 2017|
|CHMI.PRB||NYSE (New York Stock Exchange)||8.250 CUM PFD B||US||USD||Feb 2019|
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 and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets. The company qualifies as a real estate investment trust for federal income tax purposes. It 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 founded in 2012 and is based in Farmingdale, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 01:57|
|End of Day Share Price||2020/02/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.