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Is The 7.6% Yield Available From This REIT Worth The Risk?

Published Tue, 25 Sep 2018 11:20:44 -0400 on Seeking Alpha

As many readers know, many of the notes I post here are the result of an analysis I am doing for my own portfolio or from a request by a reader or friend. Often times, I will start looking at one company and while doing a peer comparison, I find another company that looks interesting and will then dig into the new company. The road of the investor is not straight, and often times, the curiosity of an investor will lead to dead ends and/or other paths.
When I was putting together the peer group for my recent Two Harbors (TWO) note, I happened to come across a company I was not familiar with, and thought it might be worth exploring further.
What I found was a company with an inherently simple business model (hard money lending) which has controlled risk (short-duration secured loans) and lead to outperformance - outperformance I believe is repeatable.
Manhattan Bridge Capital (“MBC”) (LOAN) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. MBC offers short-term, secured, non-banking loans (“hard money” loans), which they may renew or extend on, before or after their initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation or development of residential or commercial properties located around the New York metropolitan area. (For a great overview of hard money loans, Nikhil Raheja did a write up here.)
Ultimately, this is a very... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CHERRY HILL MORTGAGE INVESTMENT 13.52   0.0 -3.91 1.60 14.40
TWO HARBORS INVESTMENT 13.28   0.0 -2.81 1.60 12.02
APOLLO COMMERCIAL REAL ESTATE FINANCE 19.35   12.6 1.54 1.84 9.57
ARBOR REALTY TRUST 12.77   9.1 1.40 1.16 9.21
LADDER CAPITAL 17.14   12.1 1.42 1.36 7.96
ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND 41.97   0.0 0.00 0.00 0.00
 

CHERRY HILL MORTGAGE INVESTMENT - CHMI
CHERRY HILL MORTGAGE INVESTMENT - CHMI  


Older articles featuring Cherry Hill Mortgage Investment (CHMI):
No More Love For One Of These 12% Yielding REITs
Rents Paid, Dividends Raised: REIT Earnings Recap
REIT Earnings Halftime Report: Dividend Cuts, No More
55 U.S. Real Estate Investment Trusts Yield Over 7% In October
AGNC Investment's Q3 2020 Income Statement And Earnings Projection - Part 2 (Includes Dividend Sustainability Metric +...
AGNC: I Keep Buying This 10% Yield
Annaly Capital's Dividend, BV, And Valuation Vs. 20 mREIT Peers - Part 2 (Includes Q4 2020 Dividend Projection)
Mortgage REITs Raise Dividends
Annaly Capital's BV, Dividend, And Valuation Vs. 20 mREIT Peers - Part 1 (Post Q2 2020 Earnings - Continued Attractive...
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2020

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