Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS, Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and residential mortgage-backed securities (RMBS). The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.
IPO Year: 2013
Exchange: NYSE
Website: chmireit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/11/2021 | Market Outperform → Market Perform | JMP Securities |
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
10-Q - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
424B5 - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
EFFECT - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
424B3 - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
8-K - Cherry Hill Mortgage Investment Corp (0001571776) (Filer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
4 - Cherry Hill Mortgage Investment Corp (0001571776) (Issuer)
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 things, the Company entered into employment arrangements with the Company's senior management team and other personnel supporting the Company's business. No termination fee is payable to the Manager, and the Company will not pay management f
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 applicable to common stockholders, EAD attributable to common stockholders and common book value per share were each impacted by 4.5 cents per share of special committee-related expenses. Declared regular common dividend of $0.
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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for 1
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 the Company's 8.20% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.6986 per share on the Company's 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter of 2024. The divid
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 management of the Company and directed the Company's officers to take all actions necessary to effect the internalization. GAAP net loss applicable to common stockholders of $1.9 million, or $0.06 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $2.3 million, or
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) today announced that the Company will release second quarter 2024 financial results after the market closes on August 8, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's second 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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for
– Board of Directors Authorizes and Approves Internalization and Termination of Management Agreement – Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) (the "Company") today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), which is comprised entirely of independent and disinterested members of the Board, after consultation with its independent legal and financial advisors and as part of the Special Committee's previously announced exploration of strategic alternatives, determined and recommended to the Board that it is advisable and in the best interests of the Company and its stockholders to internalize management of
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 second quarter of 2024. The dividend will be payable in cash on July 31, 2024 to holders of the common stock of record as of the close of business on June 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% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.6995 per share on the Company's 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2024. The dividends
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) ("Cherry Hill" or the "Company") today reported results for the first quarter 2024. First Quarter 2024 Highlights GAAP net income applicable to common stockholders of $9.7 million, or $0.32 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $4.0 million, or $0.13 per diluted share. Common book value per share of $4.49 at March 31, 2024. Declared regular common dividend of $0.15 per share, annualized common dividend yield was 17.1% based on the closing sale price of the Company's common stock as reported by the NYSE on May 3, 2024. As of May 3, 2024, approximately 372,000 share
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) today announced that the Company will release first quarter 2024 financial results after the market closes on May 6, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's first 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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for 1 ye
JMP Securities downgraded Cherry Hill Mortgage from Market Outperform to Market Perform
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) is pleased to announce the appointment, effective as of March 8, 2023, of Sharon Lee Cook to the Board of Directors to serve out the term of Ms. Regina Lowrie, who passed away on January 1, 2023. Ms. Cook is independent in accordance with NYSE listing standards, has been appointed to serve on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committees of the Board and will participate in the same compensation programs as the other non-management directors. "We are excited to welcome Ms. Cook to our Board," said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corpora
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 things, the Company entered into employment arrangements with the Company's senior management team and other personnel supporting the Company's business. No termination fee is payable to the Manager, and the Company will not pay management f
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 applicable to common stockholders, EAD attributable to common stockholders and common book value per share were each impacted by 4.5 cents per share of special committee-related expenses. Declared regular common dividend of $0.
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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for 1
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 the Company's 8.20% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.6986 per share on the Company's 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter of 2024. The divid
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 management of the Company and directed the Company's officers to take all actions necessary to effect the internalization. GAAP net loss applicable to common stockholders of $1.9 million, or $0.06 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $2.3 million, or
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) today announced that the Company will release second quarter 2024 financial results after the market closes on August 8, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's second 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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for
– Board of Directors Authorizes and Approves Internalization and Termination of Management Agreement – Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) (the "Company") today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), which is comprised entirely of independent and disinterested members of the Board, after consultation with its independent legal and financial advisors and as part of the Special Committee's previously announced exploration of strategic alternatives, determined and recommended to the Board that it is advisable and in the best interests of the Company and its stockholders to internalize management of
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 second quarter of 2024. The dividend will be payable in cash on July 31, 2024 to holders of the common stock of record as of the close of business on June 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% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.6995 per share on the Company's 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2024. The dividends
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) ("Cherry Hill" or the "Company") today reported results for the first quarter 2024. First Quarter 2024 Highlights GAAP net income applicable to common stockholders of $9.7 million, or $0.32 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $4.0 million, or $0.13 per diluted share. Common book value per share of $4.49 at March 31, 2024. Declared regular common dividend of $0.15 per share, annualized common dividend yield was 17.1% based on the closing sale price of the Company's common stock as reported by the NYSE on May 3, 2024. As of May 3, 2024, approximately 372,000 share
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) today announced that the Company will release first quarter 2024 financial results after the market closes on May 6, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company's first 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 live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company's website for 1 ye
SC 13G/A - Cherry Hill Mortgage Investment Corp (0001571776) (Subject)
SC 13G/A - Cherry Hill Mortgage Investment Corp (0001571776) (Subject)
SC 13G/A - Cherry Hill Mortgage Investment Corp (0001571776) (Subject)
SC 13G - Cherry Hill Mortgage Investment Corp (0001571776) (Subject)
JMP Securities analyst Steven Delaney reiterates Cherry Hill Mortgage (NYSE:CHMI) with a Market Perform.
Cherry Hill Mortgage (NYSE:CHMI) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.18 by 27.78 percent. This is a 23.53 percent decrease over earnings of $0.17 per share from the same period last year. The company reported $(907.000 thousand) in sales this quarter. This is a 466.88 percent decrease over sales of $(160.000 thousand) the same period last year.
MLEC: 135% | Moolec Science shares are trading higher after the company announced that it received USDA approval for plant-grown animal proteins. SE: 6% | Sea shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70. CHMI: 7.5% | Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) (the "Company") today announced that its Board of Directors (the "Board") has established a special committee of the Board (the "Special Committee") to explore strategic alternatives to maximize stockholder value.The Special Committee is comprised solely of independent and disinterested directors and intends to consider the full range of strategic alternatives, including, but not limited to, a business combination involving the Company, a sale of all or part of the Company's assets or an internalization of the management of the Company. Guggenheim Securities, LLC is serving as the financial advisor to the Special Committee.There can be
B. Riley Securities analyst Matt Howlett reiterates Cherry Hill Mortgage (NYSE:CHMI) with a Buy and lowers the price target from $5.5 to $5.
Cherry Hill Mortgage (NYSE:CHMI) reported quarterly earnings of $0.170 per share which missed the analyst consensus estimate of $0.190 by 10.53 percent. The company reported quarterly sales of $(390.000 thousand) which missed the analyst consensus estimate of $14.300 million by 102.73 percent. This is a 128.53 percent decrease over sales of $1.367 million the same period last year.
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Cherry Hill Mortgage (NYSE:CHMI) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement. Analysts estimate that Cherry Hill Mortgage will report an earnings per share (EPS) of $0.19. Cherry Hill Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.01, which was followed by
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) today announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company's preferred stock, which includes its 8.20% Series A Cumulative Redeemable Preferred Stock and its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.The shares are expected to be repurchased from time to time through open market or privately negotiated transactions, including pursuant to trading plans in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods. The manner, price, number and timing of share repurchases will be s