Cherry Hill Mortgage Investment (NYSE:CHMI) Issues Quarterly Earnings Results, Hits Estimates

Cherry Hill Mortgage Investment (NYSE:CHMI) announced its earnings results on Wednesday. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, FiscalAI reports. Cherry Hill Mortgage Investment had a net margin of 7.28% and a return on equity of 16.40%. The business had revenue of $11.76 million for the quarter, compared to the consensus estimate of $2.45 million.

Here are the key takeaways from Cherry Hill Mortgage Investment’s conference call:

• Generated GAAP net income of $5.3 million ($0.14 per diluted share) for Q4, with book value per common share rising to $3.44 (from $3.36), NAV up ~1.3%, $55 million of unrestricted cash, and financial leverage of 5.4x.
• Portfolio performance was driven by tighter mortgage spreads and a steeper yield curve; the firm remained slightly long duration, shifted into lower/mid coupons, and initiated a small position in ICE SOFR futures as part of its hedge mix.
• The RMBS portfolio stood at ~$805 million with prepayment speeds rising to 8.5% CPR, while the MSR portfolio had a UPB of $15.9 billion (market value ~$215 million) with net CPR ~5.1% and de minimis recapture.
• Strategic investment in digital mortgage platform Real Genius is growing in line with expectations and management believes lower mortgage rates (around 5.5%) could accelerate its growth and be accretive to the business.
• The board declared a Q4 common dividend of $0.10 per share (paid Jan 30, 2026), EAD was $0.11 per share, operating expenses normalized after prior one‑time charges, and management is evaluating preferred buybacks and potential common repurchases (no commitment announced).

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI stock traded down $0.01 during mid-day trading on Friday, hitting $2.63. The stock had a trading volume of 97,921 shares, compared to its average volume of 165,361. The firm’s 50-day moving average is $2.64 and its two-hundred day moving average is $2.59. Cherry Hill Mortgage Investment has a 12-month low of $2.17 and a 12-month high of $3.67. The firm has a market capitalization of $96.44 million, a P/E ratio of -20.19 and a beta of 1.04.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.2%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -307.69%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup restated an “outperform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 22nd. Credit Suisse Group set a $3.00 price objective on Cherry Hill Mortgage Investment in a research report on Thursday, January 22nd. Citizens Jmp lifted their price target on Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the company a “market outperform” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.00.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at $27,000. Glenview Trust co purchased a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth $34,000. Envestnet Asset Management Inc. purchased a new stake in Cherry Hill Mortgage Investment in the second quarter valued at $45,000. JPMorgan Chase & Co. boosted its position in shares of Cherry Hill Mortgage Investment by 27,027.0% during the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 20,000 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Cherry Hill Mortgage Investment by 38,518.9% during the 3rd quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 20,415 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.