Cherry Hill Mortgage (CHMI) came out with quarterly earnings of $0.1 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.08 per share a year ago.
Here is how Cherry Hill Mortgage (CHMI) and Commonwealth Bank of Australia Sponsored ADR (CMWAY) have performed compared to their sector so far this year.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Garrett Edson - MD, ICR, IR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Mike Hutchby - Chief Financial Officer Raymond Slater - MSR Portfolio Manager Conference Call Participants Randy Binner - B. Riley Securities Jason Stewart - Janney Montgomery Scott Mikhail Goberman - Citizens JMP Operator Good day, and welcome to Cherry Hill Mortgage Investment Corporation First Quarter 2025 Earnings Call.
Cherry Hill Mortgage (CHMI) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.13 per share a year ago.
Cherry Hill Mortgage Investment Corporation faces challenges due to rising interest rates, which have impacted its net interest income and book value since the pandemic. Despite these challenges, Cherry Hill has diversified through mortgage servicing and hedging, generating significant revenue and maintaining profitability. The common shares are risky due to the company's high leverage and inability to sustain book value, making preferred shares a better income option.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Garrett Edson - MD, ICR, IR Jay Lown - President and CEO Julian Evans - Chief Investment Officer Mike Hutchby - CFO Conference Call Participants Randy Binner - B. Riley Securities Mikhail Goberman - Citizens JMP Jason Stewart - Janney Montgomery Scott Operator Hello, everyone, and welcome to Cherry Hill Mortgage Investment Corporation Fourth Quarter 2024 Earnings Call.
Cherry Hill Mortgage (CHMI) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.17 per share a year ago.
No tiny yields here. This is a mortgage REIT special. New commentary. New charts. Best article to read on a Friday. Charts also cover BDCs, baby bonds, and preferred shares. I'm definitely not targeting CHMI again, unless I mention CHMI. Too late. Guess I have to bash it. But we've also got other REITs to talk about.
Cherry Hill Mortgage Investment Corporation is a speculative investment with short-term momentum, but long-term risk. The high dividend yield of 17.44% is attractive and also a red flag. Despite recent upward momentum, CHMI has a history of underperformance, with a 5-year total return of -51.5%.
Real Estate Investment Trust (REIT) stocks are having a rough year as interest rates remains at an elevated level. Government bond yields have risen to near 5% and the Fed has hinted that it will deliver just two rate cuts this year.
Cherry Hill Mortgage Investment Corporation faces challenges with high interest rates impacting net interest income and pressuring the common share dividend. The company has increased its RMBS holdings and leverage, but shareholder equity has dropped. Preferred dividends are fully covered, but common share dividends are at risk due to insufficient earnings and negative cash flow from operations.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations, ICR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matt Howlett - B. Riley Securities Operator Ladies and gentlemen, thank you for standing by.