Cherry Hill Mortgage Investment's (CHMI) "Market Perform" Rating Reaffirmed at Citizens Jmp

Key Points

• Citizens JMP reaffirmed a “market perform” rating on Cherry Hill Mortgage Investment, while other analysts’ views ranged from buy to sell. The consensus rating remains “Hold,” with an average price target of $3.00.
• CHMI reported quarterly earnings of $0.15 per share, exceeding the $0.13 consensus estimate, but revenue of $7.88 million fell well short of the $10.75 million forecast.
• TPG agreed to acquire Cherry Hill in a stock-and-cash merger valued at approximately $3.10 per share, subject to shareholder and regulatory approval. The transaction is expected to close in the fourth quarter of 2026, though its value may fluctuate with MITT’s share price and an investor-rights investigation adds execution risk.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at Citizens Jmp in a research note issued to investors on Tuesday,Benzinga reports.

A number of other brokerages have also weighed in on CHMI. Weiss Ratings reiterated a "sell (d)" rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, June 24th. B. Riley Financial downgraded Cherry Hill Mortgage Investment to a "neutral" rating in a research note on Monday. Finally, Wall Street Zen lowered Cherry Hill Mortgage Investment from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $3.00.

Cherry Hill Mortgage Investment Price Performance

CHMI stock traded up $0.05 during midday trading on Tuesday, hitting $2.84. The stock had a trading volume of 252,001 shares, compared to its average volume of 232,438. The firm has a market cap of $104.30 million, a price-to-earnings ratio of 25.78 and a beta of 0.93. The business has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.51. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $7.88 million for the quarter, compared to the consensus estimate of $10.75 million. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%. Research analysts predict that Cherry Hill Mortgage Investment will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $27,000. Glenview Trust co bought a new position in Cherry Hill Mortgage Investment in the second quarter worth approximately $34,000. Envestnet Asset Management Inc. bought a new position in Cherry Hill Mortgage Investment in the second quarter worth approximately $45,000. Gables Capital Management Inc. purchased a new position in Cherry Hill Mortgage Investment during the 2nd quarter worth $46,000. Finally, JPMorgan Chase & Co. increased its holdings in Cherry Hill Mortgage Investment by 27,027.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 20,000 shares during the period. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment News Roundup

Here are the key news stories impacting Cherry Hill Mortgage Investment this week:

• Positive Sentiment: TPG agreed to acquire Cherry Hill in a stock-and-cash merger valued at approximately $3.10 per CHMI share based on MITT’s August 7 closing price. CHMI holders would receive 0.3063 MITT shares plus $0.93 in cash for each share, creating a larger residential mortgage REIT with roughly $9 billion in assets. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals. MITT agrees to buy Cherry Hill, creating $9B residential mortgage REIT
• Positive Sentiment: Adjusted earnings exceeded expectations. CHMI reported earnings available for distribution of $0.15 per diluted share, topping the $0.13 analyst consensus and increasing from $0.10 a year earlier. The company also reported $3.16 in common book value per share as of June 30 and paid a $0.10 quarterly dividend. Cherry Hill Mortgage beats Q2 earnings estimates
• Neutral Sentiment: The merger consideration is partly tied to MITT’s share price, so CHMI’s final value may fluctuate before closing. Investors must also approve the transaction, and the deal is not expected to be completed until late 2026.
• Negative Sentiment: Revenue fell short of forecasts. Second-quarter revenue was $7.88 million versus the $10.75 million analyst estimate. GAAP net income was $1.3 million, or $0.04 per share, highlighting the difference between reported profitability and the stronger adjusted distribution earnings. Cherry Hill announces second-quarter 2026 results
• Negative Sentiment: Investor-rights law firm Halper Sadeh announced an investigation into whether CHMI shareholders are receiving fair value in the proposed sale, adding potential legal and execution risk to the transaction. Halper Sadeh investigates CHMI merger price

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.

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