Cherry Hill Mtg Invt Corp Stock Price, News & Analysis

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has appointed Apeksha Patel as Interim Chief Financial Officer, effective June 22, 2025. Patel, who has served as Cherry Hill's Controller since June 2019 and previously as Assistant Controller from August 2017 to June 2019, will replace current CFO Michael Hutchby. Hutchby will depart on June 22, 2025, after 12 years with the company, including six years as CFO, to pursue other opportunities. Patel, a licensed CPA in New Jersey with a Bachelor of Commerce from Ryerson University, previously worked at Mazars USA LLP and SB Partners LLP. CEO Jay Lown expressed confidence in Patel's financial acumen and the company's financial team to ensure a seamless transition.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported its Q1 2025 financial results, posting a GAAP net loss of $9.3 million ($0.29 per share). The company achieved earnings available for distribution (EAD) of $5.4 million ($0.17 per diluted share). Key metrics include:

- Common book value: $3.58 per share - Declared common dividend: $0.15 per share (20.1% annualized yield) - Portfolio leverage: 5.2x - Unrestricted cash: $47.3 million - Net servicing income: $8.4 million - Net interest income: $2.2 million

The company completed its first quarter as an internally managed mortgage REIT. The MSR portfolio had an unpaid principal balance of $17.0 billion and carrying value of $227.3 million. The RMBS portfolio, valued at $1.1 billion, had a weighted average coupon of 4.88% and weighted average maturity of 28 years.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has scheduled its first quarter 2025 earnings release and conference call for May 6, 2025. The financial results will be released after market close, followed by a conference call at 5:00 pm Eastern Time.

Investors can access the live webcast through the company's website at www.chmireit.com, with an online archive available for one year following the call. Participants interested in joining the telephone conference must pre-register through the provided registration link to receive dial-in information.

Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its dividend distributions for the first quarter of 2025. The company declared a common stock dividend of $0.15 per share, payable on April 30, 2025, to stockholders of record as of March 31, 2025.

Additionally, the company announced quarterly preferred stock dividends: $0.5125 per share for the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6372 per share for the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred dividends will be paid on April 15, 2025, to shareholders of record as of March 31, 2025.

Cherry Hill Mortgage Investment (NYSE: CHMI) has appointed Dale Hoffman to its Board of Directors. Hoffman, who meets NYSE independence standards, will serve on the Compensation Committee and Nominating and Corporate Governance Committee.

Hoffman brings over 30 years of experience in fixed income capital markets, currently serving as President of S&D Sarasota, a consultancy for broker/dealer clients. His previous roles include Managing Director and Head of Taxable Fixed Income Trading at Piper Jaffray until 2018, Managing Director and Co-Head of Fixed Income Trading and Commodities at BMO Capital Markets US, and Senior VP at Legg Mason Wood Walker Inc., where he led a team of 25 traders.

Cherry Hill Mortgage Investment (NYSE: CHMI) has released its Q4 and full-year 2024 results. Key Q4 highlights include:

- GAAP net income of $9.1 million ($0.29 per share)
- Earnings available for distribution (EAD) of $3.3 million ($0.10 per share)
- Common book value per share of $3.82
- Declared regular common dividend of $0.15 per share (17.5% annualized yield)
- Unrestricted cash of $46.3 million

The company reported $0.7 million in net interest income, $8.5 million in net servicing income, and completed management internalization in November 2024. The MSR portfolio's unpaid principal balance was $17.3 billion, with a carrying value of $233.7 million. The RMBS portfolio had a book value of $1.1 billion with a 4.80% weighted average coupon. Portfolio leverage stood at 5.3x at quarter-end.

Cherry Hill Mortgage Investment (NYSE: CHMI) has scheduled its fourth quarter and full year 2024 earnings release for March 6, 2025, after market close. The company will host a conference call at 5:00 pm Eastern Time on the same day to discuss the financial results.

Investors can access a live webcast of the conference call through the investor relations section of CHMI's website at www.chmireit.com. The webcast archive will be available for one year following the call. Participants interested in joining the telephone conference call must register in advance to receive dial-in information.

Cherry Hill Mortgage Investment (NYSE: CHMI) has announced the estimated Federal income tax treatment of its 2024 dividend distributions for both common and preferred stock. For common stock, the total distributions per share will be $0.60 annually ($0.15 quarterly), split equally between ordinary dividends ($0.30) and nondividend distributions ($0.30).

The 8.20% Series A Preferred Stock will receive total distributions of $2.05 per share for 2024, paid as $0.5125 quarterly, all classified as ordinary dividends. The 8.250% Series B Fixed-to-Floating Rate Preferred Stock will receive varying quarterly payments totaling $2.4556 per share for 2024, with payments increasing in the latter half of the year, all classified as ordinary dividends.

Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its Q4 2024 dividend distributions. The company declared a common stock dividend of $0.15 per share, payable on January 31, 2025, to stockholders of record as of December 31, 2024.

Additionally, the company declared preferred stock dividends: $0.5125 per share for its 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6739 per share for its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.