Cherry Hill Mortgage Investment Corporation (CHMI)

NYSE: CHMI · Real-Time Price · USD
2.650
-0.020 (-0.75%)
Dec 3, 2024, 11:48 AM EST - Market open
-0.75%
Market Cap 85.39M
Revenue (ttm) -2.60M
Net Income (ttm) -42.47M
Shares Out 32.22M
EPS (ttm) -1.45
PE Ratio n/a
Forward PE 3.17
Dividend $0.60 (22.64%)
Ex-Dividend Date Sep 30, 2024
Volume 115,004
Open 2.700
Previous Close 2.670
Day's Range 2.650 - 2.715
52-Week Range 2.500 - 4.390
Beta 1.46
Analysts Buy
Price Target 5.00 (+88.68%)
Earnings Date Nov 12, 2024

About CHMI

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... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Oct 4, 2013
Employees 4
Stock Exchange NYSE
Ticker Symbol CHMI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CHMI stock is "Buy." The 12-month stock price forecast is $5.0, which is an increase of 88.68% from the latest price.

Price Target
$5.0
(88.68% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 holding...

14 days ago - Seeking Alpha

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, internall...

18 days ago - Business Wire

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...

20 days ago - Seeking Alpha

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 Hig...

20 days ago - Business Wire

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 give...

23 days ago - Seeking Alpha

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...

24 days ago - Business Wire

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 st...

2 months ago - Seeking Alpha

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 unexpected...

2 months ago - Seeking Alpha

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 ...

2 months ago - Business Wire

Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024 Earnings Call Transcript

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...

4 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Announces Second Quarter 2024 Results

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the second quarter 2024. Second Quarter 2024 an...

4 months ago - Business Wire

Cherry Hill Mortgage Investment Corporation Sets Date for Second Quarter 2024 Earnings Release and Conference Call

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release second quarter 2024 financial results after the market closes...

4 months ago - Business Wire

12%+ Dividend Yields Duel

This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the chan...

5 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Provides Update on Exploration of Strategic Alternatives by Special Committee

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that the special committee (the “Special Committee”) of the Company's board...

5 months ago - Business Wire

Cherry Hill Mortgage Investment Corporation: Series B Preferred Offering 11% Yield

Cherry Hill Mortgage Investment Corporation is a real estate investment trust specializing in residential mortgages. The company's struggle with higher interest rates led to a net interest income loss...

5 months ago - Seeking Alpha

Cherry Hill Mortgage Investment: Series A Preferred Shares Look Attractive

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 struggl...

5 months ago - Seeking Alpha

Cherry Hill Mortgage Investment: Risk Is Well Managed

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 strat...

5 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Second 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 ...

6 months ago - Business Wire

Cherry Hill Mortgage Investment Corporation (CHMI) Q1 2024 Earnings Call Transcript

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Peter Gustav - Investor Relations Jay Lown - President and CEO Jul...

7 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Announces First Quarter 2024 Results

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the first quarter 2024. First Quarter 2024 High...

7 months ago - Business Wire

Cherry Hill Mortgage Investment Corporation Sets Date for First Quarter 2024 Earnings Release and Conference Call

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release first quarter 2024 financial results after the market closes ...

7 months ago - Business Wire

Don't Get Duped By These 'Sucker Yields'

Bernie Madoff's Ponzi scheme is a cautionary tale about "sucker yields" and unrealistic returns in investment opportunities. Financial analyst Harry Markopolos was able to identify Madoff's fraud thro...

Other symbols: GPMTNLY
7 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Announces Exploration of Strategic Alternatives

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that its Board of Directors (the “Board”) has established a special committ...

8 months ago - Business Wire

10% Yields Or Higher

Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of...

8 months ago - Seeking Alpha

Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First 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 ...

9 months ago - Business Wire