Cherry Hill Mortgage Investment: One Preferred Is Better Than The Other [Seeking Alpha]
Cherry Hill Mortgage Investment Corporation (CHMI)
Last cherry hill mortgage investment corporation earnings: 2/27 04:15 pm
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US:NYSE Investor Relations:
investors.chmireit.com
Company Research
Source: Seeking Alpha
The company's balance sheet shows increased investment in residential mortgage-backed securities and a shift towards short-term financing. The preferred B series shares offer a higher dividend yield and better preservation of capital compared to the common shares. Cherry Hill Mortgage Investment Corporation ( CHMI ) is an mREIT that earns income through the investment of mortgages. Like its peers, the company utilizes leverage (borrowing) to invest in and earn income from its assets. Since I last wrote about Cherry Hill two years ago , the restrictive rate regime put into place by the Federal Reserve has created a challenging environment for the company, but I believe that income investors can earn a great return with an investment in Cherry Hill's B series preferred shares ( NYSE: CHMI.PR.B Cherry Hill's income statement shows the extent to which the company is struggling with the high interest rate environment. Interest income has increased from $30 million to nearly $50 mill
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CHMI
News
- Cherry Hill Mortgage Investment Corporation Announces Exploration of Strategic Alternatives [Yahoo! Finance]Yahoo! Finance
- Cherry Hill Mortgage Investment Corporation Announces Exploration of Strategic AlternativesBusiness Wire
- Cherry Hill Mortgage Investment Co. (NYSE: CHMI) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $5.00 price target on the stock, down previously from $5.50.MarketBeat
- Cherry Hill Mortgage Investment Co. (NYSE: CHMI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
CHMI
Earnings
- 3/7/24 - Miss
CHMI
Sec Filings
- 4/19/24 - Form PRE
- 3/7/24 - Form 10-K
- 3/7/24 - Form 8-K
- CHMI's page on the SEC website