CHMI Stock Overview

Real Estate Investment Trust (REIT) stocks are having a rough year as interest rates remains at an elevated level. Government bond yields have risen to near 5% and the Fed has hinted that it will deliver just two rate cuts this year.

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (the “Company” or “CHMI”) (NYSE: CHMI) today announced the estimated Federal income tax treatment of the Company's 2024 distributions on its common and preferred stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.   Common Stock       Total         Record Payable   Distributions   Total Ordinary   Nondiv.

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.

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.

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.

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 (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.

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 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.