Cherry Hill Mortgage Investment (CHMI)
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Cherry Hill Mortgage Investment (CHMI) - 2024 Q2 - Quarterly Results
2024-08-08 20:31
Exhibit 99.1 CHERRY HILL MORTGAGE INVESTMENT CORPORATION ANNOUNCES SECOND QUARTER 2024 RESULTS FARMINGDALE, NJ – August 8, 2024 — Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the second quarter 2024. Second Quarter 2024 and Other Recent Highlights • In July 2024, the Company's Board of Directors, based on the recommendation of a special committee comprised of independent and disinterested directors, authorized and approved internalizing ...
Cherry Hill Mortgage Investment (CHMI) - 2024 Q2 - Quarterly Report
2024-08-08 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Commission file number 001-36099 CHERRY HILL MORTGAGE INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) Marylan ...
Is the Options Market Predicting a Spike in Cherry Hill Mortgage (CHMI) Stock?
ZACKS· 2024-07-25 13:35
Investors in Cherry Hill Mortgage Investment Corporation (CHMI) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $7.5 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...
Cherry Hill Mortgage Investment: Series A Preferred Shares Look Attractive
Seeking Alpha· 2024-07-02 16:43
Wirestock/iStock via Getty Images Cherry Hill Mortgage Investment Corporation's Series A 8.2% preferred shares (NYSE:CHMI.PR.A) have performed in line with the iShares Preferred and Income Securities ETF (P Cherry Hill Series A preferred shares vs PFF in 2024 (Seeking Alpha) Company overview | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------|--------|--------|-------------------|-------|--------|-------|-------|-------|---------------|-------|-------| | $1,500 | $1,349 | | A ...
Cherry Hill Mortgage Investment: Risk Is Well Managed
Seeking Alpha· 2024-06-25 09:32
Perawit Boonchu Recently, I've found mREITs across the board to be very cheap, as rising interest rates have crushed the stock prices of many like Cherry Hill Mortgage Investment (NYSE:CHMI). However, I believe we are now seeing the bottom for mREITs and Cherry Hill stood out as a solid performer selling at a modest discount to book value with dividends that seem well-covered. Investors who like mREITs should look to Cherry Hill as a source of opportunity due to its focus on residential mortgages, strong ba ...
Cherry Hill Mortgage Investment (CHMI) - 2024 Q1 - Earnings Call Transcript
2024-05-06 22:30
Mikhail Goberman Examples of forward-looking statements include those related to interest income, financial guidance, IRRs, future expected cash flows, as well as prepayment and recapture rates, delinquencies and non-GAAP financial measures, such as earnings available for distribution or EAD and comprehensive income. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Conference Call Participants Mikhail Goberman - Citizens JMP ...
Cherry Hill Mortgage Investment (CHMI) - 2024 Q1 - Earnings Call Presentation
2024-05-06 20:54
GAAP net income of $0.32 per share4 EAD of $0.13 per share4, 5 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------|-------------------------|-----------------------------|-------------|---------|---------------------------------------------|---------|---------|---------|---------| | Characteristics | March 31, 2024 \nFNMA | MSR Characteristics \nFHLMC | \nTotal | $21,600 | Cherry Hill Historical MSR UPB ($ millions) | | | ...
Cherry Hill Mortgage Investment (CHMI) - 2024 Q1 - Quarterly Results
2024-05-06 20:35
"Our investment portfolio's positioning considerably offset the impact of widening spreads and higher rates during the quarter," said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. "We continue to closely monitor the consistently shifting environment to optimally position our portfolio, while we continue to make steady progress in stabilizing our equity profile." Dollar amounts in thousands. Dollar amounts in thousands, except per share amounts. 1. Excludes drop income on TBA do ...
Cherry Hill Mortgage Investment (CHMI) - 2024 Q1 - Quarterly Report
2024-05-06 20:34
12 Derivative transactions include swaps, swaptions, U.S. treasury futures and "to-be-announced" securities ("TBAs"). A TBA contract is an agreement to purchase or sell, for future delivery, an Agency RMBS with a specified issuer, term and coupon. Swaps and swaptions are entered into by the Company solely for interest rate risk management purposes. TBAs and U.S. treasury futures are used to manage duration risk as well as basis risk and pricing risk on the Company's financing facilities for MSRs. The decisi ...
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2024
Businesswire· 2024-03-14 20:15
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 first quarter of 2024. The dividend will be payable in cash on April 30, 2024 to holders of the common stock of record as of the close of business on March 28, 2024. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on the Company’s 8.20% ...