Cherry Hill Mortgage Investment stock faces a merger vote

Cherry Hill Mortgage Investment Corporation stock was last at USD 2.62 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 0.77 percent from the prior close. The proposed transaction with TPG Mortgage Investment Trust now gives the share a defined exchange formula ahead of a December 2, 2026 stockholder vote.

Merger terms set the value

According to StockTitan, the October 2, 2026 amended filing sets consideration of 0.3063 MITT common shares, USD 0.41 from MITT and USD 0.52 from the MITT manager for each eligible CHMI common share. The cash component totals USD 0.93 per share, while the stock component will fluctuate with MITT's market price.

The proposed merger requires approval by at least a majority of CHMI's outstanding common shares entitled to vote. The filing says CHMI's board unanimously recommends approval, but completion also depends on MITT stockholder approval and regulatory consents.

Income profile supports the case

Cherry Hill's investor-relations site reports book value of USD 3.16 per share and a 17.2 percent dividend yield, both based on June 30, 2026 data. The company also lists USD 15.2 billion of mortgage servicing rights and USD 1.3 billion of investable assets as of the same date, showing why the merger centers on a mortgage-servicing portfolio rather than a conventional lending business.

Business Wire reported on September 10, 2026 that Cherry Hill declared a USD 0.10 per-share common dividend for the third quarter. The payment is scheduled for October 30, 2026 to holders of record on September 30, 2026, placing the distribution alongside the pending merger decision.

Consensus remains above the quote

According to MarketScreener, the consensus rating is Hold from 2 analysts, with an average target of USD 3.10. The highest and lowest published targets are both USD 3.10, putting the average target 18.32 percent above the USD 2.62 price on October 6, 2026.

That comparison matters because the merger consideration is partly fixed in cash but partly linked to MITT shares. For CHMI holders, the December vote therefore determines whether the proposed exchange proceeds, while the value of the stock component remains market-dependent.

CHMI stock holds at USD 2.62

Cherry Hill Mortgage Investment Corporation stock was last at USD 2.62 on October 6, 2026. The NYSE quote sits between the 52-week range of USD 2.17 to USD 2.98, with a market capitalization of USD 96.3 million and volume of 159,846 shares.

Upcoming dates for Cherry Hill Mortgage Investment stock

• October 30, 2026: Common dividend payment
• December 2, 2026: CHMI special stockholder meeting