Citizens Downgrades Cherry Hill Mortgage to Market Perform
Citizens analyst Mikhail Goberman downgrades Cherry Hill Mortgage (NYSE:CHMI) from Market Outperform to Market Perform.
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TPG Mortgage Investment Trust, Inc. (NYSE:MITT) ("MITT"), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of TPG Inc. ("TPG") (NASDAQ:TPG), a leading global
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Citizens analyst Mikhail Goberman downgrades Cherry Hill Mortgage (NYSE:CHMI) from Market Outperform to Market Perform.
TPG Mortgage Investment Trust (MITT) reported Q2 2026 earnings with book value of $10.00 per share and EAD of $0.24 per share, fully covering its dividend. The company announced a definitive agreement to acquire Cherry Hill Mortgage Investment Corporation, expected to increase market capitalization by 36% and create a $750 million equity capital base. Management projects $7-9 million in annual cost synergies and approximately $0.20 in incremental annual EAD per share from resolving legacy commercial loans. The company continues to focus on home equity and non-agency residential mortgage strategies, with plans for over $1.25 billion in securitizations in Q3.
Cherry Hill Mortgage (NYSE:CHMI) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.13 by 15.38 percent. This is a 50 percent increase over earnings of $0.10 per share from
AG Mortgage IT (NYSE:MITT) reported second-quarter financial results on Monday. The transcript from the company's second-quarter earnings call has been provided below. This transcript is brought to you by Benzinga
Jones Trading analyst Jason Weaver maintains TPG Mortgage Investment (NYSE:MITT) with a Buy and lowers the price target from $9 to $8.