Cherry Hill Mortgage Investment Corp. | REIT Profile
Symbol: CHMI
CIK: 1571776
Exchange: NYSE
Founded: 2012 (10 years)
HQ: Farmingdale, NJ, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage
See CHMI on Google Finance
See CHMI on Yahoo Finance
See CHMI on SEC.gov
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Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) is a real estate finance company that acquires, invests in and manages a portfolio of excess mortgage servicing rights, agency residential mortgage backed securities and other residential mortgage assets. We are externally managed by Cherry Hill Mortgage Management, LLC, a Delaware limited liability company. Cherry Hill’s principal objective is to generate attractive current yields and risk-adjusted total returns for our stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. We intend to attain this objective by selectively constructing and actively managing a targeted portfolio of Excess MSRs, Agency RMBS and other cashflowing residential mortgage assets. Cherry Hill has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. We generally are not subject to federal taxes on our taxable income to the extent that we annually distribute all of our taxable income to stockholders and maintain our intended qualification as a REIT.
Stock Chart
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REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.87 | $6.93 | $6.83 | $6.93 | $6.90 | $6.90 | 42,078 | -$0.04 | -0.51% | $134,883,142 | 20.78 | $8.34 | $5.82 | -10.67% |
Last update: 2022-08-09 09:14:48 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Hightlights of Trading Day August 8, 2022
Closing Price: $6.9
Price Change: 0.04 (0.583%)
Lowest Price: $6.87
Highest Price: $6.95
52-Week Low: $5.82
52-Week Change: -14.46%
5 Day Price Change: -3.52%
1 Month Price Change: 2.85%
3 Month Price Change: 5.83%
6 Month Price Change: -6.02%
1 Year Price Change: -14.46%
2 Year Price Change: -11.81%
5 Year Price Change: -36.17%
Dividend of Trading Day August 8, 2022
Annualized Dividend: $1.08*
Dividend Yield (TTM): 14.913%
Annualized Dividend (TTM): $1.023
Ex-Dividend Date: 2022-06-29
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest News Headlines
- Cherry Hill Mortgage Investment Corporation Announces Second Quarter 2022 Results - Wed, 03 Aug 2022 20:16:20 UTC
- Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Second Quarter 2022 - Fri, 17 Jun 2022 12:31:27 UTC
- Cherry Hill Mortgage Investment Corporation Announces First Quarter 2022 Results - Mon, 09 May 2022 20:16:49 UTC
- Cherry Hill Mortgage Investment Corporation Announces Fourth Quarter and Full Year 2021 Results - Tue, 15 Mar 2022 20:19:06 UTC
- Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2022 - Fri, 11 Mar 2022 21:07:31 UTC
Key Stats of Trading Day August 8, 2022
Current Debt: $952,369,000
Revenue: $68,786,000
Gross Profit: $55,051,000
Total Revenue: $68,786,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $21,224,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 4.73
Enterprise Value (EV): $134,312,991
Enterprise Value to Revenue (EV/R): 1.95
Price to Sales (P/S): 1.95
Price to Book (P/B): 0.96
Price/Earnings-to-Growth (PEG) Ratio: 0.05
P/E Ratio: 20.88
P/E High: -0.60
P/E Low: -3.20
Forward P/E Ratio: N/A
Market Capitalization: $135,570,821
Latest Volume: 173,952
Avg. Total Volume: 173,680
Avg. 10-Day Volume: 240,275
Avg. 30-Day Volume: 173,680
TTM EPS: 0.33
Shares Outstanding: 19,647,945
Float: N/A
50-Day Moving Avg.: $6.71
200-Day Moving Avg.: $6.88
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $14.36 per share you would have been able to buy 69 shares of CHMI on 2021-08-09 costing $990.84 | @ $14.36 per share you would have been able to buy 34 shares of CHMI on 2021-08-09 costing $488.24 | @ $14.36 per share you would have been able to buy 17 shares of CHMI on 2021-08-09 costing $244.12 | @ $14.36 per share you would have been able to buy 6 shares of CHMI on 2021-08-09 costing $86.16 | @ $14.36 per share you would have been able to buy 3 shares of CHMI on 2021-08-09 costing $43.08 |
| Current worth | On 2022-08-08 these 69 shares would be worth $476.10 @ $6.90 | On 2022-08-08 these 34 shares would be worth $234.60 @ $6.90 | On 2022-08-08 these 17 shares would be worth $117.30 @ $6.90 | On 2022-08-08 these 6 shares would be worth $41.40 @ $6.90 | On 2022-08-08 these 3 shares would be worth $20.70 @ $6.90 |
| Dividends earned | $74.52 in dividends would have been earned since 2021-08-09 with 69 shares. | $37 in dividends would have been earned since 2021-08-09 with 34 shares. | $18.36 in dividends would have been earned since 2021-08-09 with 17 shares. | $6.48 in dividends would have been earned since 2021-08-09 with 6 shares. | $3.24 in dividends would have been earned since 2021-08-09 with 34 shares. |
| Net (gain / loss)* | -440.22 USD | -216.92 USD | -108.46 USD | -38.28 USD | -19.14 USD |
| ROI** | -44.43% | -44.43% | -44.43% | -44.43% | -44.43% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by CHMI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| CHMI | 2022-06-29 | 0.270 | --- | 2022-06-17 | 2022-06-30 | 2022-07-26 |
| CHMI | 2022-03-30 | 0.270 | --- | 2022-03-11 | 2022-03-31 | 2022-04-26 |
| CHMI | 2021-12-30 | 0.270 | --- | 2021-12-09 | 2021-12-31 | 2022-01-25 |
| CHMI | 2021-09-29 | 0.270 | --- | 2021-09-17 | 2021-09-30 | 2021-10-26 |
| CHMI | 2021-06-29 | 0.270 | --- | 2021-06-17 | 2021-06-30 | 2021-07-27 |
| CHMI | 2021-03-30 | 0.270 | --- | 2021-03-04 | 2021-03-31 | 2021-04-27 |
| CHMI | 2020-12-30 | 0.270 | --- | 2020-12-10 | 2020-12-31 | 2021-01-26 |
| CHMI | 2020-09-29 | 0.270 | --- | 2020-09-17 | 2020-09-30 | 2020-10-27 |
| CHMI | 2020-06-29 | 0.270 | -32.50% | 2020-06-18 | 2020-06-30 | 2020-07-28 |
| CHMI | 2020-03-30 | 0.400 | --- | 2020-03-12 | 2020-03-31 | 2020-04-28 |
| CHMI | 2019-12-30 | 0.400 | --- | 2019-12-12 | 2019-12-31 | 2020-01-28 |
| CHMI | 2019-09-27 | 0.400 | -18.37% | 2019-09-04 | 2019-09-30 | 2019-10-29 |
| CHMI | 2019-06-27 | 0.490 | --- | 2019-06-13 | 2019-06-28 | 2019-07-30 |
| CHMI | 2019-03-15 | 0.490 | --- | 2019-03-05 | 2019-03-18 | 2019-04-30 |
| CHMI | 2018-12-28 | 0.490 | --- | 2018-12-13 | 2018-12-31 | 2019-01-29 |
| CHMI | 2018-09-27 | 0.490 | --- | 2018-09-06 | 2018-09-28 | 2018-10-30 |
| CHMI | 2018-06-28 | 0.490 | --- | 2018-06-14 | 2018-06-29 | 2018-07-31 |
| CHMI | 2018-03-28 | 0.490 | --- | 2018-03-08 | 2018-03-29 | 2018-04-24 |
| CHMI | 2017-12-28 | 0.490 | --- | 2017-12-07 | 2017-12-29 | 2018-01-30 |
| CHMI | 2017-09-28 | 0.490 | --- | 2017-09-15 | 2017-09-29 | 2017-10-24 |
Earnings Press Releases
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Current Cash | 0 | 0 | 0 | 0 |
| Receivables | 55,340,000 | 25,735,000 | 24,732,000 | 27,539,000 |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 1,195,280,000 | 1,302,862,000 | 1,214,365,000 | 1,334,756,000 |
| Current Assets (Other) | 13,192,000 | 17,609,000 | 15,630,000 | 14,589,000 |
| Short Term Investments | 1,060,587,000 | 1,200,350,000 | 1,110,471,000 | 1,243,029,000 |
| Long-term Investments | 16,740,000 | 0 | 0 | 0 |
| Property, Plant & Equipment Net | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 |
| Net Tangible Assets | 140,606,000 | 160,486,000 | 164,435,000 | 168,946,000 |
| Total Assets | 1,212,020,000 | 1,302,862,000 | 1,214,365,000 | 1,334,756,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 0 | 0 | 0 | 0 |
| Current Liabilities (Other) | 793,301,000 | 878,778,000 | 796,859,000 | 912,730,000 |
| Total Current Liabilities | 952,369,000 | 1,024,046,000 | 931,859,000 | 1,047,708,000 |
| Current Long-term Debt | 159,068,000 | 145,268,000 | 135,000,000 | 134,978,000 |
| Long-term Debt | 0 | 0 | 0 | 0 |
| Total Liabilities | 956,035,000 | 1,026,997,000 | 934,551,000 | 1,050,431,000 |
| Minority Interest | 3,666,000 | 2,951,000 | 2,692,000 | 2,723,000 |
| Common Stock | 18,252,523 | 17,971,898 | 17,185,872 | 17,073,943 |
| Retained Earnings | -137,932,000 | -158,483,000 | -157,671,000 | -146,719,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 0 | 0 | 0 | 0 |
| Shareholder Equity | 255,985,000 | 275,865,000 | 279,814,000 | 284,325,000 |
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Total Revenue | 18,635,000 | 8,436,000 | 20,882,000 | 20,833,000 |
| Cost of Revenue | 3,193,000 | 10,542,000 | 0 | 0 |
| Gross Profit | 15,442,000 | -2,106,000 | 20,882,000 | 20,833,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 1,744,000 | 2,086,000 | 1,729,000 | 1,726,000 |
| Operating Expense | 32,230,000 | -17,772,000 | 15,904,000 | 38,836,000 |
| Operating Income | -13,595,000 | 26,208,000 | 4,978,000 | -18,003,000 |
| Income Expense Net (Other) | 46,199,000 | -20,140,000 | -8,983,000 | 4,560,000 |
| EBIT | 32,604,000 | 6,068,000 | -4,005,000 | -13,443,000 |
| Interest Income | 0 | 0 | 0 | 0 |
| Pretax Income | 32,604,000 | 6,068,000 | -4,005,000 | -13,443,000 |
| Income Tax | 3,875,000 | -637,000 | -215,000 | -1,830,000 |
| Minority Interest | 633,000 | 130,000 | -77,000 | -240,000 |
| Net Income | 25,633,000 | 4,112,000 | -6,175,000 | -13,838,000 |
| Net Income Basic | 25,633,000 | 4,112,000 | -6,175,000 | -13,838,000 |
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Net Income | 25,633,000 | 4,112,000 | -6,175,000 | -13,838,000 |
| Depreciation | 0 | 0 | 0 | 0 |
| Changes in Receivables | 55,340,000 | 25,735,000 | 24,732,000 | 27,539,000 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 52,379,000 | 63,916,000 | 62,922,000 | 54,370,000 |
| Cash Flow | 13,763,000 | 5,975,000 | 13,876,000 | 15,288,000 |
| Capital Expenditures | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Activity (Other) | 0 | 0 | 0 | 0 |
| Total Investing Cash Flows | 57,610,000 | -117,227,000 | 125,201,000 | -23,610,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Net Borrowings | -901,519,000 | -1,055,082,000 | -975,471,000 | -1,108,051,000 |
| Cash Flow Financing | -68,797,000 | 108,867,000 | -124,103,000 | -32,150,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 0 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.7 |
| 8 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.7 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| Rating | Leverage Section | Avg. Rating |
| 2 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 7 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 7.2 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 0 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.7 |
| 1 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.0 |
| Rating | Properties Section | Avg. Rating |
| Rating | Market Cap Section | Avg. Rating |
| 5 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.0 |
| 2.5 | Overall REITRating™ Score (See trend) | 6.1 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
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|---|---|---|---|---|---|
| Redwood Trust, Inc. (RWT) | 3.8 | NYSE | Small-Cap | Mortgage | United States |
| MFA Mortgage Investments, Inc. (MFA) | 3.8 | NYSE | Small-Cap | Mortgage | United States |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) | 7.0 | NYSE | Mid-Cap | Mortgage | United States |
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Last updated: 2022-08-09 - v3.4