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Cherry Hill Mortgage Investment Corporation - CHMI STOCK NEWS

Welcome to our dedicated page for Cherry Hill Mortgage Investment Corporation news (Ticker: CHMI), a resource for investors and traders seeking the latest updates and insights on Cherry Hill Mortgage Investment Corporation stock.

Cherry Hill Mortgage Investment Corporation (symbol: CHMI) is a financial services company headquartered at 301 Harper Dr, Moorestown, NJ, United States. Operating as a Real Estate Investment Trust (REIT), Cherry Hill Mortgage Investment Corporation focuses on investing in residential mortgage assets. The company aims to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

The company's reportable segments include:

  • Residential Mortgage-Backed Securities (RMBS): This segment is the primary source of revenue, generating income through interest earned from servicing mortgage loans.
  • Investments in Servicing Related Assets: This segment focuses on assets related to the servicing of mortgage loans.
  • All Others: Encompasses other investment segments within the company's portfolio.

Cherry Hill Mortgage Investment Corporation is dedicated to providing high returns to its investors. Their strategic investments in RMBS and other related assets enable the company to maintain a strong financial condition and secure steady income. The company is continuously working on current projects and partnerships to optimize its asset management and investment strategies. Stay updated with the latest developments, financial reports, and news on Cherry Hill Mortgage Investment Corporation to make informed investment decisions.

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Cherry Hill Mortgage Investment (NYSE: CHMI) announced that its Board of Directors has approved the internalization of the Company's management. This comes after a recommendation from the Special Committee, composed of entirely independent and disinterested board members, to terminate the management agreement with Cherry Hill Mortgage Management, The internalization is part of a broader exploration of strategic alternatives by the Special Committee. The timeline for completing this exploration remains undefined, and there is no guarantee that it will result in any transaction beyond the internalization. The Company will only disclose further developments when deemed appropriate or legally required.

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Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its common and preferred dividends for the second quarter of 2024. A dividend of $0.15 per share will be paid on CHMI’s common stock on July 31, 2024, to shareholders of record as of June 28, 2024.

Additionally, the Board of Directors has declared a dividend of $0.5125 per share on the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6995 per share on the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These dividends will be payable on July 15, 2024, to shareholders of record as of June 28, 2024.

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Cherry Hill Mortgage Investment reported first quarter 2024 results with GAAP net income of $9.7 million, EAD of $4.0 million, common book value per share of $4.49, and a regular dividend of $0.15 per share. The company repurchased $9.3 million of preferred stock shares and had $47.5 million of unrestricted cash. Aggregate portfolio leverage was 4.5x, with a strategic investment portfolio positioning to offset market impacts. Operating results showed positive net income and earnings for the quarter. Portfolio highlights included net servicing fee income of $10.3 million, with a focus on optimizing portfolio performance and managing risks.

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Cherry Hill Mortgage Investment (NYSE: CHMI) has scheduled the release of its first quarter 2024 financial results on May 6, 2024, with a conference call to follow at 5:00 pm Eastern Time. The webcast will be available on the investor relations section of the company's website. Participants can register for the conference call online.

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Cherry Hill Mortgage Investment (NYSE: CHMI) has announced the establishment of a Special Committee to explore strategic alternatives to enhance shareholder value. The Committee, composed of independent directors, will assess options such as business combinations, asset sales, or internal management changes. Guggenheim Securities, will act as the financial advisor. The outcome of this exploration is uncertain, and there is no set timeline for its completion.
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Cherry Hill Mortgage Investment Corporation (CHMI) declares dividends for the first quarter of 2024, with $0.15 per share for common stock, $0.5125 per share for Series A Preferred Stock, and $0.515625 per share for Series B Preferred Stock.
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Cherry Hill Mortgage Investment Corporation (CHMI) reported a GAAP net loss of $35.5 million for Q4 2023, with a common book value per share of $4.53. The company declared a regular common dividend of $0.15 per share and authorized a $50 million Preferred Stock repurchase program. Cherry Hill's portfolio highlights include a net servicing fee income of $9.7 million and a debt-to-equity ratio of 4.2x.
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Cherry Hill Mortgage Investment Corporation (CHMI) will release its fourth quarter and full year 2023 financial results on March 7, 2024. A conference call is scheduled at 5:00 pm Eastern Time on the same day to discuss the results. A live webcast and online archive will be available on the company's website.
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Cherry Hill Mortgage Investment Corporation (CHMI) announced the estimated Federal income tax treatment of the Company’s 2023 distributions on its common and preferred stock, totaling $0.8400 and $2.0500 respectively. The 8.20% Series A Cumulative Redeemable Preferred Stock and 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock distributions were also detailed.
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Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) authorized a $50 million repurchase of its preferred stock, including its 8.20% Series A Cumulative Redeemable Preferred Stock and its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The repurchase will be conducted through open market or privately negotiated transactions, subject to market conditions and SEC rules.
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FAQ

What type of company is Cherry Hill Mortgage Investment Corporation?

Cherry Hill Mortgage Investment Corporation is a financial services company operating as a Real Estate Investment Trust (REIT) focusing on residential mortgage assets.

Where is Cherry Hill Mortgage Investment Corporation located?

The company is located at 301 Harper Dr, Moorestown, NJ, United States.

What are the main business segments of Cherry Hill Mortgage Investment Corporation?

The main business segments are Residential Mortgage-Backed Securities (RMBS), Investments in Servicing Related Assets, and All Others.

How does Cherry Hill Mortgage Investment Corporation generate revenue?

The primary revenue is generated through interest income earned from servicing residential mortgage loans within the RMBS segment.

What is the primary objective of Cherry Hill Mortgage Investment Corporation?

The primary objective is to generate current yields and risk-adjusted total returns for its stockholders over the long term.

What is the significance of the RMBS segment for Cherry Hill Mortgage Investment Corporation?

The RMBS segment is crucial as it generates the maximum revenue through interest income from servicing mortgage loans.

How does Cherry Hill Mortgage Investment Corporation provide returns to its investors?

The company provides returns to investors mainly through dividend distributions and capital appreciation.

What kind of assets does Cherry Hill Mortgage Investment Corporation invest in?

The company invests in residential mortgage assets, including RMBS and servicing related assets.

Why should investors stay updated with Cherry Hill Mortgage Investment Corporation's news?

Staying updated helps investors make informed decisions based on the latest financial reports, developments, and strategic investments.

Does Cherry Hill Mortgage Investment Corporation form partnerships?

Yes, the company continuously works on partnerships and current projects to optimize its asset management and investment strategies.

Cherry Hill Mortgage Investment Corporation

NYSE:CHMI

CHMI Rankings

CHMI Stock Data

115.58M
30.02M
0.72%
15.25%
0.88%
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