Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
04 October 2013Website:
http://www.chmireit.comNext earnings report:
02 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
regular market | 8 min agoAnalysts recommendations
Institutional Ownership
CHMI Latest News
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 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.
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 (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.
Cherry Hill Mortgage Investment Corporation is a mortgage REIT company that manages MSRs and agency RMBS to generate income for investors. CHMI has a history of underperformance and poor returns, with a significant drop in share price and total return. The stock is super cheap from a fundamental standpoint, but it may be for a good reason.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q2 2023 Earnings Conference Call August 3, 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 Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cherry Hill Mortgage Investment Corporation Second Quarter 2023 Earnings Call.
I could not wait to light the first bottle rocket. I lit the fuse, and I screamed out something like "get ready for the light show folks." At that moment, I knew something was terribly wrong.
We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching. Preferreds were roughly flat as Tech strength offset broader weakness due to rising Treasury yields. Gauging preferred strength via prices is easy to do but requires some caution.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Garrett Edson - ICR Jeffrey Lown - President, CEO & Director Julian Evans - CIO Michael Hutchby - CFO, Treasurer, Secretary & Head, IR Conference Call Participants Mikhail Goberman - JMP Securities Matthew Howlett - B. Riley Securities Operator Good day, and thank you all for standing by.
Cherry Hill Mortgage (CHMI) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.34 per share a year ago.
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. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. 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 does Cherry Hill Mortgage Investment report earnings?
The next expected earnings date for Cherry Hill Mortgage Investment is 02 August 2024