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Cherry Hill Mortgage InvestmentNYSE: CHMI

Profile

Industry:

Mortgage

Country:

United States

IPO:

04 October 2013

Next earnings report:

07 March 2025

Last dividends:

30 September 2024

Next dividends:

N/A
$83.80 M
-50%vs. 3y high
14%vs. sector
-vs. 3y high
-vs. sector
-45%vs. 3y high
25%vs. sector
-117%vs. 3y high
1%vs. sector

Price

after hours | Wed, 20 Nov 2024 23:55:54 GMT
$2.65-$0.05(-1.86%)
-$7.08 M$2.37 M
-$7.08 M-$12.20 M

Analysts recommendations

Institutional Ownership

CHMI Latest News

Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
businesswire.com14 November 2024 Sentiment: POSITIVE

TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that the Company has commenced operations as a fully integrated, internally managed mortgage REIT and has terminated the management agreement with its external manager, Cherry Hill Mortgage Management, LLC (the “Manager”), effective as of November 14, 2024. The management agreement was terminated upon the completion of an internalization event in which, among other thing.

10.7% Preferred Share From Cherry Hill
seekingalpha.com10 November 2024 Sentiment: NEGATIVE

CHMI-B preferred shares carry a high-risk rating of 5, making them suitable only as a trading tool, not a long-term investment. Despite an attractive stripped yield of 10.7%, CHMI-B is overpriced given its significant risk, with better options available in short-term treasury ETFs. The common equity to preferred liquidation ratio of 0.97 indicates substantial downside risk, as common equity wouldn't cover all outstanding preferred shares in liquidation.

Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
businesswire.com08 November 2024 Sentiment: POSITIVE

TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release third quarter 2024 financial results after the market closes on November 12, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's third quarter 2024. Webcast: A live webcast of the conference call will be available in the investor relations section of the Company's website at www.chmireit.com. To listen to the li.

8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
seekingalpha.com26 September 2024 Sentiment: NEGATIVE

CHMI-A is currently overpriced; consider buying only if the price drops to $20.56 due to high risk associated with CHMI. Stripped price is crucial; with an expected ex-dividend date of 9/30/24, the stripped price is around $23.76. CHMI-A offers a decent yield but has a poor common equity to preferred equity ratio, making it riskier compared to peers like NLY.

Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024 Earnings Call Transcript
seekingalpha.com10 August 2024 Sentiment: NEUTRAL

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations Jay Lown - President and CEO Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matthew Howlett - B. Riley Securities Operator Good day, and welcome to the Cherry Hill Mortgage Investment Corporation's Second Quarter 2024 Conference Call.

Is the Options Market Predicting a Spike in Cherry Hill Mortgage (CHMI) Stock?
zacks.com25 July 2024 Sentiment: POSITIVE

Investors need to pay close attention to Cherry Hill Mortgage (CHMI) stock based on the movements in the options market lately.

Cherry Hill Mortgage Investment: Series A Preferred Shares Look Attractive
seekingalpha.com02 July 2024 Sentiment: POSITIVE

Cherry Hill Mortgage Investment Corporation is an mREIT specializing in residential mortgage-backed securities. Q1 2024 preferred dividend coverage was superb at 5.2 times but the company will struggle if mortgage spreads or interest rates move higher as in recent years. The company is actively buying back its Series B preferred shares which offer a higher current yield but no capital gain potential.

Cherry Hill Mortgage Investment: Risk Is Well Managed
seekingalpha.com25 June 2024 Sentiment: POSITIVE

Cherry Hill Mortgage Investment is a cheap mREIT with a focus on residential mortgages, strong balance sheet, and high dividend yield. The company protects book value through intelligent hedging strategies, interest rate swaps, and stable net interest spreads on RMBS. Mortgage servicing rights are attractive and can help balance risk for shareholders by providing steady cash flow.

Preferreds Weekly Review: Funds Vs. Individual Preferreds Debate
Seeking Alpha03 January 2024 Sentiment: POSITIVE

We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. Preferreds rallied for another week, closing in on a 10% total return for the year. We touch on the debate of whether it makes sense to hold preferreds funds or allocate to individual preferreds.

Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2023 Earnings Call Transcript
Seeking Alpha02 November 2023 Sentiment: NEUTRAL

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Garrett Edson - Investor Relations Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - JMP Securities Matthew Howlett - B. Riley FBR Operator Good day, and thank you for standing by.

What type of business is Cherry Hill Mortgage Investment?

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.

What sector is Cherry Hill Mortgage Investment in?

Cherry Hill Mortgage Investment is in the Real Estate sector

What industry is Cherry Hill Mortgage Investment in?

Cherry Hill Mortgage Investment is in the Mortgage industry

What country is Cherry Hill Mortgage Investment from?

Cherry Hill Mortgage Investment is headquartered in United States

When did Cherry Hill Mortgage Investment go public?

Cherry Hill Mortgage Investment initial public offering (IPO) was on 04 October 2013

What is Cherry Hill Mortgage Investment website?

https://www.chmireit.com

Is Cherry Hill Mortgage Investment in the S&P 500?

No, Cherry Hill Mortgage Investment is not included in the S&P 500 index

Is Cherry Hill Mortgage Investment in the NASDAQ 100?

No, Cherry Hill Mortgage Investment is not included in the NASDAQ 100 index

Is Cherry Hill Mortgage Investment in the Dow Jones?

No, Cherry Hill Mortgage Investment is not included in the Dow Jones index

When was Cherry Hill Mortgage Investment the previous earnings report?

No data

When does Cherry Hill Mortgage Investment earnings report?

The next expected earnings date for Cherry Hill Mortgage Investment is 07 March 2025