CHMI

Cherry Hill Mortgage Investment Corp

2.58 USD
+0.04
1.57%
At close Dec 20, 4:00 PM EST
After hours
2.60
+0.02
0.78%
1 day
1.57%
5 days
-3.01%
1 month
-0.77%
3 months
-31.93%
6 months
-33.85%
Year to date
-36.30%
1 year
-36.92%
5 years
-82.35%
10 years
-86.15%
 

About: Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.

Employees: 12

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

284% more capital invested

Capital invested by funds: $18.3M [Q2] → $70.1M (+$51.9M) [Q3]

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

44% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 9

12% more funds holding

Funds holding: 41 [Q2] → 46 (+5) [Q3]

4.31% more ownership

Funds ownership: 16.73% [Q2] → 21.04% (+4.31%) [Q3]

98% less call options, than puts

Call options by funds: $1K | Put options by funds: $66K

Research analyst outlook

We haven’t received any recent analyst ratings for CHMI.

Financial journalist opinion

Neutral
Business Wire
1 week ago
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Fourth Quarter 2024
FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company's common stock for the fourth quarter of 2024. The dividend will be payable in cash on January 31, 2025 to holders of the common stock of record as of the close of business on December 31, 2024. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on t.
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Fourth Quarter 2024
Neutral
Seeking Alpha
1 month ago
Cherry Hill Mortgage Investment Corporation Series B Still Attractive Despite Floating Rate Risk
Cherry Hill Mortgage Investment Corporation faces challenges with high interest rates impacting net interest income and pressuring the common share dividend. The company has increased its RMBS holdings and leverage, but shareholder equity has dropped. Preferred dividends are fully covered, but common share dividends are at risk due to insufficient earnings and negative cash flow from operations.
Cherry Hill Mortgage Investment Corporation Series B Still Attractive Despite Floating Rate Risk
Neutral
Business Wire
1 month ago
Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
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.
Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
Neutral
Seeking Alpha
1 month ago
Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations, ICR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matt Howlett - B. Riley Securities Operator Ladies and gentlemen, thank you for standing by.
Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript
Neutral
Business Wire
1 month ago
Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the third quarter 2024. Third Quarter 2024 Highlights GAAP net loss applicable to common stockholders of $14.8 million, or $0.49 per share. Earnings available for distribution (“EAD”) attributable to common stockholders of $2.5 million, or $0.08 per diluted share. Common book value per share of $4.02 at September 30, 2024. GAAP net loss applic.
Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
Positive
Seeking Alpha
1 month ago
10.7% Preferred Share From Cherry Hill
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.
10.7% Preferred Share From Cherry Hill
Neutral
Business Wire
1 month ago
Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
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.
Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
Neutral
Seeking Alpha
2 months ago
8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
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.
8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
Negative
Seeking Alpha
3 months ago
Cherry Hill Mortgage's Performance For Q2 2024
Cherry Hill Mortgage had a slightly underperforming quarter, with a 3.4% BV variance and a minor decrease in adjusted core earnings/EAD. CHMI's fixed-rate agency MBS sub-portfolio increased unexpectedly, leading to BV underperformance, while derivative instruments and MSR sub-portfolio matched projections. CHMI remains a speculative investment with high-risk but potential rewards, currently holding a 4.5 risk/performance rating and a Hold recommendation.
Cherry Hill Mortgage's Performance For Q2 2024
Neutral
Business Wire
3 months ago
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2024
FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company's common stock for the third quarter of 2024. The dividend will be payable in cash on October 31, 2024 to holders of the common stock of record as of the close of business on September 30, 2024. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on t.
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2024
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