Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corp has a market cap of $91.85 million and a price-to-book ratio of 0.37, indicating a significant discount to its book value. The company's liquidity position is characterized by $47.52 million in cash and equivalents, but its operating cash flow is negative at -$19.05 million, suggesting operational challenges. The debt-to-equity ratio of 4.58 highlights a high leverage position, which could amplify both gains and losses.

In terms of profitability, the company's return on equity is 4.79%, which is relatively low for a REIT, and its return on assets is 0.84%, indicating inefficient use of assets to generate profit. The net income of $11.82 million is modest given the company's asset base of $1.41 billion, suggesting limited profitability. The operating margin of 39.1% is high, but this is offset by the company's high leverage and negative operating cash flow.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, which increases its exposure to market-specific risks. The company's revenue of $32.63 million is relatively stable, but there is no indication of significant growth in the near term. The company's growth trajectory is constrained by its high debt levels and limited cash flow generation.

The risk assessment indicates a medium liquidity risk and a low dilution risk, but the company's net cash position is negative after subtracting total debt, which could limit its ability to fund operations or expand. The company's high leverage and negative operating cash flow are significant risk factors that could affect its financial stability. There is no indication of recent dilutive events, but the company's high debt-to-equity ratio suggests a potential for future dilution if it needs to raise additional capital.

Recent events and filings do not indicate any significant changes in the company's business strategy or financial position. The company's price target from analysts is $3.00, which is a 20% increase from the current market price of $2.50, suggesting some optimism about its future performance. However, the lack of strong buy recommendations and the presence of only two buy ratings indicate a cautious outlook from analysts.

Cherry Hill Mortgage Investment Corp (CHMI.K) has entered the scope of this analysis, marking the first available data point for the ticker with no prior basis for delta computation. Consequently, there are no material changes to report relative to a previous period, as the dataset represents an initial baseline rather than a progression of events. The most notable activity within this initial snapshot involves a series of new institutional holdings. Several investors have added positions in the company, with filings detected as of June 20, 2026. These additions include significant stakes reported as of December 31, 2025, and March 31, 2026, indicating fresh capital allocation into the mortgage investment firm. Specifically, one investor holds 1,561,850 shares valued at approximately $3.98 million as of late 2025, while another holds 404,796 shares valued at roughly $1.47 million as of mid-2024. Additional notable positions established by the end of the first quarter of 2026 include holdings of 510,038 shares valued at $1.28 million and 164,291 shares valued at $426,278. Smaller but notable additions were also recorded for several other investors during the same period. This accumulation of new holders is significant given the company's current profile, which includes a single officer, two analysts covering the stock, and no index memberships. With 11 top holders now identified, these new entries suggest growing institutional interest in Cherry Hill Mortgage Investment Corp, providing a foundational view of its shareholder base for future comparative analysis.

Analysts project 25% upside to a $3.00 target price, reflecting a consensus buy recommendation from two analysts.

Return on equity of 4.79% outperforms the 3.39% median benchmark for the specialized REITs peer group.

Dilution risk is assessed as low, suggesting limited immediate pressure on shareholder equity from share issuance.

Credit risk is flagged as high, indicating significant potential for losses related to the company's mortgage assets.

The debt-to-equity ratio of 4.58 places the company in the bottom quartile of its specialized REITs cohort.

Cash conversion of -1.61 ranks in the bottom quartile, highlighting poor ability to generate cash from operations.

Revenue $26.9M, −25,9% YoY; Operating income −40,6% YoY.

• ▍Revenue $26.9M, −25,9% YoY
• ▍Operating income −40,6% YoY
• ▍Net income −33,3% YoY
• ▍Net margin 28.8%

Revenue $23.2M, +124,4% YoY; Operating income +139,4% YoY.

• ▍Revenue $23.2M, +124,4% YoY
• ▍Operating income +139,4% YoY
• ▍Net income +136,3% YoY
• ▍Net margin 19.1%

Revenue $20.2M, −14,4% YoY; Operating income +85,2% YoY.

• ▍Revenue $20.2M, −14,4% YoY
• ▍Operating income +85,2% YoY
• ▍Net income +99,6% YoY
• ▍Net margin 7.6%

Revenue $12.1M, −62,8% YoY; Operating income −153,4% YoY.

• ▍Revenue $12.1M, −62,8% YoY
• ▍Operating income −153,4% YoY
• ▍Net income −158,0% YoY
• ▍Net margin -56.5%

Revenue $36.2M; Operating income $14.3M.

• ▍Revenue $36.2M
• ▍Operating income $14.3M
• ▍Net margin 32.0%

Revenue $10.3M; Operating income -$12.2M.

• ▍Revenue $10.3M
• ▍Operating income -$12.2M
• ▍Net margin -117.9%

Revenue $23.5M; Operating income $1.4M.

• ▍Revenue $23.5M
• ▍Operating income $1.4M
• ▍Net margin 3.2%

Revenue $32.6M; Operating income $12.8M.

• ▍Revenue $32.6M
• ▍Operating income $12.8M
• ▍Net margin 36.2%

Revenue $82.4M, −19,8% YoY; Operating income −44,0% YoY.

• ▍Revenue $82.4M, −19,8% YoY
• ▍Operating income −44,0% YoY
• ▍Net income −43,0% YoY
• ▍Net margin 8.3%

Revenue $102.8M, +146,6% YoY; Operating income +146,7% YoY.

• ▍Revenue $102.8M, +146,6% YoY
• ▍Operating income +146,7% YoY
• ▍Net income +134,4% YoY
• ▍Net margin 11.6%

Revenue $69.6M, +46,4% YoY; Operating income +104,9% YoY.

• ▍Revenue $69.6M, +46,4% YoY
• ▍Operating income +104,9% YoY
• ▍Net income +77,0% YoY
• ▍Net margin 31.2%

Revenue $47.5M; Operating income $13.3M.

• ▍Revenue $47.5M
• ▍Operating income $13.3M
• ▍Net margin 25.9%