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Cherry Hill Mortgage Investment
-8.33%
Real estate / REIT Residential mortgage
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Cherry Hill Mortgage Investment Corporation is a real estate investment trust (REIT) that primarily invests in residential mortgage-backed securities (RMBS). The company’s portfolio consists mainly of agency RMBS, which are guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae. Cherry Hill also invests in non-agency RMBS, commercial mortgage-backed securities (CMBS), and other real estate-related assets.
Founded in 2012, Cherry Hill Mortgage Investment Corporation is headquartered in Farmingdale, New Jersey and has offices in New York, Virginia, and California. The company went public in 2013 and trades on the New York Stock Exchange under the ticker symbol CHMI.
CHMI follows a conservative investment strategy, aiming to generate long-term value for shareholders through a combination of capital preservation and dividend income. The company is managed by a team of experienced executives and industry professionals with a strong track record of success.
Cherry Hill Mortgage Investment Corporation is also committed to responsible and sustainable business practices. The company has a strong corporate social responsibility program and actively supports various charitable causes and community initiatives.
Overall, Cherry Hill Mortgage Investment Corporation is a reputable and well-established company in the REIT industry, offering investors the opportunity to invest in a diversified portfolio of real estate assets backed by government guarantees.
Founded in 2012, Cherry Hill Mortgage Investment Corporation is headquartered in Farmingdale, New Jersey and has offices in New York, Virginia, and California. The company went public in 2013 and trades on the New York Stock Exchange under the ticker symbol CHMI.
CHMI follows a conservative investment strategy, aiming to generate long-term value for shareholders through a combination of capital preservation and dividend income. The company is managed by a team of experienced executives and industry professionals with a strong track record of success.
Cherry Hill Mortgage Investment Corporation is also committed to responsible and sustainable business practices. The company has a strong corporate social responsibility program and actively supports various charitable causes and community initiatives.
Overall, Cherry Hill Mortgage Investment Corporation is a reputable and well-established company in the REIT industry, offering investors the opportunity to invest in a diversified portfolio of real estate assets backed by government guarantees.
What is special about the company?
There are a few factors that make the Cherry Hill Mortgage Investment company unique:
1. Focus on Mortgage-Backed Securities: Cherry Hill Mortgage Investment primarily invests in residential mortgage-backed securities (RMBS). These securities are pools of mortgages that have been packaged together and sold to investors. This focus on a specific type of investment allows Cherry Hill to have a more targeted investment strategy and expertise in this area.
2. Hybrid REIT Structure: Cherry Hill operates as a hybrid real estate investment trust (REIT) meaning it combines the characteristics of a traditional REIT with those of a mortgage REIT. This structure allows the company to invest in both real estate-related assets and mortgage-related assets, providing diversification and potentially higher returns.
3. External Management: Unlike many REITs, Cherry Hill is externally managed by an affiliate of its parent company, Freedom Mortgage Corporation. This means that the company does not directly employ its management team, which can sometimes lead to lower costs and potential conflicts of interest.
4. Risk Management Strategies: Cherry Hill has implemented various risk management strategies to protect against market volatility and potential defaults on the mortgages it holds. This includes maintaining a diversified portfolio, using derivative instruments to mitigate interest rate risk, and actively managing credit risk.
5. Strong Performance: Despite the challenges brought on by the COVID-19 pandemic, Cherry Hill has maintained a strong financial performance. The company consistently pays dividends to shareholders and has shown steady growth in its net income and book value. This track record of success may make it an attractive investment option for those seeking stable returns.
1. Focus on Mortgage-Backed Securities: Cherry Hill Mortgage Investment primarily invests in residential mortgage-backed securities (RMBS). These securities are pools of mortgages that have been packaged together and sold to investors. This focus on a specific type of investment allows Cherry Hill to have a more targeted investment strategy and expertise in this area.
2. Hybrid REIT Structure: Cherry Hill operates as a hybrid real estate investment trust (REIT) meaning it combines the characteristics of a traditional REIT with those of a mortgage REIT. This structure allows the company to invest in both real estate-related assets and mortgage-related assets, providing diversification and potentially higher returns.
3. External Management: Unlike many REITs, Cherry Hill is externally managed by an affiliate of its parent company, Freedom Mortgage Corporation. This means that the company does not directly employ its management team, which can sometimes lead to lower costs and potential conflicts of interest.
4. Risk Management Strategies: Cherry Hill has implemented various risk management strategies to protect against market volatility and potential defaults on the mortgages it holds. This includes maintaining a diversified portfolio, using derivative instruments to mitigate interest rate risk, and actively managing credit risk.
5. Strong Performance: Despite the challenges brought on by the COVID-19 pandemic, Cherry Hill has maintained a strong financial performance. The company consistently pays dividends to shareholders and has shown steady growth in its net income and book value. This track record of success may make it an attractive investment option for those seeking stable returns.
What the company's business model?
Cherry Hill Mortgage Investment Corporation is a real estate investment trust (REIT) that primarily invests in residential mortgage-backed securities (RMBS). Its business model involves purchasing and managing a portfolio of RMBS, which are securities backed by pools of residential mortgage loans.
The company earns income from the interest, principal, and fees from the underlying mortgage loans, which are then passed on to shareholders in the form of dividends. The company also maintains a small portfolio of residential whole loans, which provide additional income and diversification.
Cherry Hill Mortgage also operates a mortgage servicing business, which manages the day-to-day operations of the mortgage loans and earns servicing fees. This helps to reduce the risk of default and ensures proper management of the mortgage assets.
Overall, the company’s business model is focused on providing consistent and stable returns to shareholders through investments in the residential mortgage market.
The company earns income from the interest, principal, and fees from the underlying mortgage loans, which are then passed on to shareholders in the form of dividends. The company also maintains a small portfolio of residential whole loans, which provide additional income and diversification.
Cherry Hill Mortgage also operates a mortgage servicing business, which manages the day-to-day operations of the mortgage loans and earns servicing fees. This helps to reduce the risk of default and ensures proper management of the mortgage assets.
Overall, the company’s business model is focused on providing consistent and stable returns to shareholders through investments in the residential mortgage market.
Interesting facts about the company
1. Cherry Hill Mortgage Investment Corporation is a real estate investment trust (REIT) that invests in mortgage assets.
2. The company was founded in 2012 and is headquartered in Farmingdale, New Jersey.
3. Cherry Hill Mortgage’s main investment strategy is to purchase residential mortgage-backed securities (RMBS), which are pools of mortgages that are securitized and sold to investors.
4. The company also invests in other mortgage-related assets such as commercial mortgage-backed securities (CMBS) and agency mortgage-backed securities (MBS).
5. Cherry Hill Mortgage is externally managed and advised by Cherry Hill Mortgage Management, LLC, a subsidiary of Freedom Mortgage Corporation.
6. The company went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol CHMI.
7. As of December 2020, Cherry Hill Mortgage had a market capitalization of approximately $319 million.
8. Unlike traditional mortgage lenders, Cherry Hill Mortgage does not originate or service mortgages, but instead earns income from the interest and principal payments on its mortgage investments.
9. The company targets high-quality, credit-sensitive investments that can provide stable and predictable returns for its shareholders.
10. Cherry Hill Mortgage has approximately $7 billion in assets under management and a diversified portfolio of mortgage assets spread across different geographic regions in the United States.
11. The company has consistently paid dividends since going public, with an annualized dividend yield of over 10% in recent years.
12. Cherry Hill Mortgage maintains a conservative leverage ratio, with a debt-to-equity ratio of approximately 4:1, which helps to mitigate risks and provide stability to its financials.
13. In 2020, the COVID-19 pandemic had a significant impact on the mortgage industry, leading to increased market volatility and uncertainty. However, Cherry Hill Mortgage managed to navigate through the challenging market conditions, reporting strong financial results and maintaining its dividend payments.
14. The company is committed to responsible and sustainable investing, with a focus on incorporating environmental, social, and governance (ESG) principles into its investment decision-making process.
15. Cherry Hill Mortgage has been recognized for its performance and corporate governance by publications such as Fortune, Forbes, and Barron’s.
See Company Due Diligence:
2. The company was founded in 2012 and is headquartered in Farmingdale, New Jersey.
3. Cherry Hill Mortgage’s main investment strategy is to purchase residential mortgage-backed securities (RMBS), which are pools of mortgages that are securitized and sold to investors.
4. The company also invests in other mortgage-related assets such as commercial mortgage-backed securities (CMBS) and agency mortgage-backed securities (MBS).
5. Cherry Hill Mortgage is externally managed and advised by Cherry Hill Mortgage Management, LLC, a subsidiary of Freedom Mortgage Corporation.
6. The company went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol CHMI.
7. As of December 2020, Cherry Hill Mortgage had a market capitalization of approximately $319 million.
8. Unlike traditional mortgage lenders, Cherry Hill Mortgage does not originate or service mortgages, but instead earns income from the interest and principal payments on its mortgage investments.
9. The company targets high-quality, credit-sensitive investments that can provide stable and predictable returns for its shareholders.
10. Cherry Hill Mortgage has approximately $7 billion in assets under management and a diversified portfolio of mortgage assets spread across different geographic regions in the United States.
11. The company has consistently paid dividends since going public, with an annualized dividend yield of over 10% in recent years.
12. Cherry Hill Mortgage maintains a conservative leverage ratio, with a debt-to-equity ratio of approximately 4:1, which helps to mitigate risks and provide stability to its financials.
13. In 2020, the COVID-19 pandemic had a significant impact on the mortgage industry, leading to increased market volatility and uncertainty. However, Cherry Hill Mortgage managed to navigate through the challenging market conditions, reporting strong financial results and maintaining its dividend payments.
14. The company is committed to responsible and sustainable investing, with a focus on incorporating environmental, social, and governance (ESG) principles into its investment decision-making process.
15. Cherry Hill Mortgage has been recognized for its performance and corporate governance by publications such as Fortune, Forbes, and Barron’s.
See Company Due Diligence:
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