Streetbeat News

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.

Open

2.78

Mkt cap

90M

Volume

483K

High

2.80

P/E Ratio

-4.87

52-wk high

4.39

Low

2.71

Div yield

0.22

52-wk low

2.71

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

Three REIT subsectors have outperformed others in the past month due to a tame CPI report and a pause in Federal Reserve interest rate hikes. Mortgage REITs (mREITs), specialized REITs, and office REITs are leading, with companies like Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI), Cherry Hill Mortgage Investment Corp. (CHMI), and Granite Point Mortgage Trust Inc. (GPMT) showing significant gains. Specialized REITs such as Outfront Media Inc. (OUT), Uniti Group Inc. (UNIT), and Safehold Inc. (SAFE) have also performed well, along with office REITs including Franklin Street Properties Corp. (FSP), City Office REIT Inc. (CIO), and Office Properties Income Trust (OPI).

Portfolio Pulse from Ethan Roberts

November 22, 2023 | 2:54 pm

Cherry Hill Mortgage (NYSE:CHMI) reported Q3 earnings of $0.16 per share, missing the analyst consensus estimate of $0.17 by 5.88 percent. This represents a 38.46 percent decrease from the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 02, 2023 | 8:43 pm

Cherry Hill Mortgage (NYSE:CHMI) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an EPS of $0.17. The company's stock performance has been generally negative over the last 52-week period, with shares down 46.29%. The company's last quarter earnings missed the EPS estimate by $0.05, resulting in a 0.24% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 8:02 pm

B. Riley Securities analyst Matt Howlett maintains a 'Buy' rating on Cherry Hill Mortgage (NYSE:CHMI) but lowers the price target from $6 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:25 pm

On Monday, 149 companies reached new 52-week lows. The largest company by market cap to hit a new 52-week low was NextEra Energy (NYSE:NEE), while the smallest was Esports Entertainment (NASDAQ:GMBL). Bionano Genomics (NASDAQ:BNGO) saw the most pronounced move, with shares trading down 842.14% to hit its new 52-week low. Northwest Natural Hldg (NYSE:NWN) shares gained 0.0%, rebounding after it reached its 52-week low.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:13 pm

Cherry Hill Mortgage (NYSE:CHMI) reported Q2 earnings of $0.16 per share, missing the analyst consensus estimate of $0.21 by 23.81%. This is a 42.86% decrease from the same period last year. The company also reported quarterly sales of $(634.00 thousand), missing the analyst consensus estimate of $6.15 million by 110.31%. This is a 118.10% decrease from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 04, 2023 | 2:32 pm

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