Cherry Hill Mortgage Investment (NYSE:CHMI) Posts Earnings Results, Meets Expectations

Cherry Hill Mortgage Investment (NYSE:CHMI) released its earnings results on Wednesday. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11, FiscalAI reports. The company had revenue of $11.76 million for the quarter, compared to analyst estimates of $2.45 million. Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%.

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

Cherry Hill Mortgage Investment stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.59. 159,462 shares of the company traded hands, compared to its average volume of 167,269. The firm’s 50 day moving average price is $2.64 and its 200 day moving average price is $2.59. The firm has a market capitalization of $95.23 million, a price-to-earnings ratio of 129.60 and a beta of 1.04. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $3.67.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.10 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 annualized dividend and a yield of 15.4%. Cherry Hill Mortgage Investment’s payout ratio is 2,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of large investors have recently modified their holdings of CHMI. XTX Topco Ltd purchased a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at about $27,000. Cetera Investment Advisers boosted its position in Cherry Hill Mortgage Investment by 50.9% during the 4th quarter. Cetera Investment Advisers now owns 37,054 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 12,504 shares in the last quarter. State Street Corp boosted its position in Cherry Hill Mortgage Investment by 11.3% during the 4th quarter. State Street Corp now owns 150,191 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 15,300 shares in the last quarter. Summit Financial LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 106.1% during the 4th quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock worth $2,679,000 after acquiring an additional 520,291 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 34.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 25,546 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 6,525 shares in the last quarter. Institutional investors own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

CHMI has been the subject of several analyst reports. Credit Suisse Group set a $3.00 target price on Cherry Hill Mortgage Investment in a report on Thursday, January 22nd. Citigroup reissued an “outperform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Monday, December 29th. Finally, Citizens Jmp upped their price target on shares of Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the company a “market outperform” rating in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.00.

Cherry Hill Mortgage Investment Company Profile

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.