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CHMI

Cherry Hill Mortgage Investment Corporation

https://www.chmireit.com

Industry

REIT - Mortgage

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 (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company 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.

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Cherry Hill Mortgage (NYSE:CHMI) reported Q2 2024 adjusted EPS of $0.08, missing the analyst estimate of $0.15 by 46.67%. This represents a 50% decrease from the same period last year. However, the company reported a significant increase in sales, reaching $167 million, a 126.34% rise from the previous year's negative sales of $(634) million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:12 pm

Cherry Hill Mortgage (NYSE:CHMI) reported Q1 2024 adjusted EPS of $0.13, missing the $0.18 estimate, marking a 27.78% miss and a 23.53% decrease from the previous year's $0.17. Net interest expense was $(907,000), a significant decrease from $(160,000) YoY, indicating a 466.88% drop in sales.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:46 pm

Moolec Science's shares surged 135% following USDA approval for its plant-grown animal proteins. Sea's shares rose 6% after B of A Securities upgraded the stock to Buy and increased the price target. Cherry Hill Mortgage's shares increased 7.5% as the company explores strategic alternatives.

Portfolio Pulse from ryanfaloona@benzinga.com

April 22, 2024 | 12:47 pm

Cherry Hill Mortgage Investment Corporation (CHMI) shares are trading higher following the company's announcement that it is exploring strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:12 pm

Cherry Hill Mortgage Investment Corporation (CHMI) has announced that its Board of Directors has formed a special committee to explore strategic alternatives to maximize stockholder value. These alternatives could include a business combination, asset sale, or internal management changes, with Guggenheim Securities as the financial advisor. There is no guarantee of a transaction or strategic outcome, and no set timeline for the committee's review process.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:10 pm

B. Riley Securities analyst Matt Howlett has reiterated a Buy rating on Cherry Hill Mortgage (CHMI) but lowered the price target from $5.5 to $5. This adjustment reflects a revised valuation of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:55 pm

Cherry Hill Mortgage (CHMI) reported Q4 2023 adjusted EPS of $0.170, missing the $0.190 estimate, and sales of $(390,000), significantly below the $14.3M estimate. This represents a 128.53% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:14 pm

Numerous companies are scheduled to report their quarterly earnings on March 7, 2024, with a mix of projected earnings and losses across various sectors. Notable mentions include CI&T, Stevanato Gr, ABM Industries, Bilibili, BJ's Wholesale Club, Burlington Stores, and many others, indicating a significant day for investors to monitor potential market movements.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:49 am

Cherry Hill Mortgage (NYSE:CHMI) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.19. Historical performance shows mixed results with the last quarter missing estimates by $0.01 but resulting in an 11.32% share price increase the following day. Over the past year, CHMI shares have declined by 35.34%, indicating a bearish outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has announced a new repurchase program authorizing up to $50 million of its preferred stock, including 8.20% Series A and 8.250% Series B. The repurchases will be made through open market or privately negotiated transactions, subject to market conditions and SEC rules, without a set expiration date.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:40 pm

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