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 ...

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 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 ...

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) | | | ...

"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 ...

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 ...

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% ...

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 ...

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - JMP Securities Operator Good day, and thank you for standing by. Welcome to the Cherry Hill Mortgage Investment Corporation Fourth Quarter 2023 Earnings Call. At t ...

FARMINGDALE, NJ – March 7, 2024 — Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the fourth quarter and full year 2023. Cherry Hill reported GAAP net loss applicable to common stockholders for the fourth quarter of 2023 of $35.5 million, or $1.29 per basic and diluted weighted average common share outstanding. Reported GAAP net loss was determined based primarily on the following: $0.4 million of net interest expense, $9.7 million of net ...