Cherry Hill Mortgage Investment (CHMI)

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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
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 Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Ray Slater - Senior Vice President and MSR Portfolio Manager Conference Call Participants Mikhail Goberman - Citizens JMP Matt Howlett - B. Riley Securities Operator Good day and thank you for standing by. Welcome to the Cherry Hill M ...
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% ...
Cherry Hill Mortgage Investment (CHMI) - 2023 Q4 - Earnings Call Presentation
2024-03-07 23:06
C H E R R Y H I L L L MORTGAGE INVESTMENT CORPORATION Fourth Quarter 2023 CAUTIONARY NOTE REGARDING EXPECTED RETURNS AND EXPECTED YIELDS. Expected returns and expected yields are presented for illustrative purposes only and are estimates of the annualized effective rate of return that we presently expect to be earned over the expected average life of an investment (i.e., IRR), after giving effect, in the case of returns, to existing leverage and existing hedging costs, and calculated on a weighted average b ...