Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive 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 focuses on attaining this objective, subject to market conditions and availability and terms of financing, by selectively constructing and managing a targeted portfolio of Servicing Related Assets, residential mortgage-backed securities (RMBS), prime mortgage loans and other cashflowing residential mortgage assets. The Company operates its business through segments, including investments in RMBS; investments in Servicing Related Assets, and All Other. The Company is externally managed by Cherry Hill Mortgage Management, LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: N/A
- Symbol: NYSE:CHMI
- CUSIP: N/A
- Web: www.chmireit.com
Capitalization:- Market Cap: $231.8 million
- Outstanding Shares: 12,708,000
Average Prices:- 50 Day Moving Avg: $18.65
- 200 Day Moving Avg: $18.22
- 52 Week Range: $16.00 - $19.43
P/E:- Trailing P/E Ratio: 3.13
- Foreward P/E Ratio: 9.09
- P/E Growth: -2.98
Sales & Book Value:- Annual Revenue: $65.25 million
- Price / Sales: 3.59
- Book Value: $19.94 per share
- Price / Book: 0.93
Dividend:- Annual Dividend: $1.96
- Dividend Yield: 10.8%
Profitability:- Net Margins: 138.90%
- Return on Equity: 9.49%
- Return on Assets: 1.81%
Debt:- Current Ratio: 0.05%
- Quick Ratio: 0.05%
Misc:- Average Volume: 165,206 shs.
- Beta: 0.39
- Short Ratio: 2.36
Frequently Asked Questions for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)
What is Cherry Hill Mortgage Investment Corporation's stock symbol?
Cherry Hill Mortgage Investment Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHMI."
How often does Cherry Hill Mortgage Investment Corporation pay dividends? What is the dividend yield for Cherry Hill Mortgage Investment Corporation?
Cherry Hill Mortgage Investment Corporation declared a quarterly dividend on Monday, September 18th. Shareholders of record on Friday, September 29th will be given a dividend of $0.49 per share on Tuesday, October 24th. This represents a $1.96 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date of this dividend is Thursday, September 28th. View Cherry Hill Mortgage Investment Corporation's Dividend History.
How were Cherry Hill Mortgage Investment Corporation's earnings last quarter?
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced its earnings results on Tuesday, August, 8th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.02. The firm earned $5.71 million during the quarter, compared to analyst estimates of $4.79 million. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The business's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. View Cherry Hill Mortgage Investment Corporation's Earnings History.
When will Cherry Hill Mortgage Investment Corporation make its next earnings announcement?
Where is Cherry Hill Mortgage Investment Corporation's stock going? Where will Cherry Hill Mortgage Investment Corporation's stock price be in 2017?
4 brokerages have issued twelve-month price objectives for Cherry Hill Mortgage Investment Corporation's stock. Their forecasts range from $17.50 to $19.00. On average, they anticipate Cherry Hill Mortgage Investment Corporation's stock price to reach $18.50 in the next year. View Analyst Ratings for Cherry Hill Mortgage Investment Corporation.
What are analysts saying about Cherry Hill Mortgage Investment Corporation stock?
Here are some recent quotes from research analysts about Cherry Hill Mortgage Investment Corporation stock:
- 1. According to Zacks Investment Research, "Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. " (7/17/2017)
- 2. FBR & Co analysts commented, "Between the recent capital raise and a transformational 4Q16 in which the company sold its Ginnie Mae excess MSR portfolio back to Freedom Mortgage, a lot has been going on with Cherry Hill’s investment portfolio. In conjunction with the excess MSR portfolio sale, Cherry Hill diluted its relationship with Freedom Mortgage, which helped garner regulatory approval to service full MSRs, an initiative that the company has been working to achieve since acquiring Aurora Financial nearly two years ago. We expect the servicing portfolio will continue to grow as the company transitions capital from the recent capital raise, from the RMBS portfolio, and from excess MSR portfolio sales into full MSRs, which should give Cherry Hill greater flexibility when sourcing assets and benefit earnings power, especially given the Fed’s commentary supporting several rate hikes throughout the year. As such, we view shares of CHMI to be attractively valued, currently trading just below 90% of our 4Q16 pro forma book value estimate of $18.67 and at an 11.8% dividend yield that we believe is safe." (3/28/2017)
Who are some of Cherry Hill Mortgage Investment Corporation's key competitors?
Who are Cherry Hill Mortgage Investment Corporation's key executives?
Cherry Hill Mortgage Investment Corporation's management team includes the folowing people:
- Jeffrey B Lown II, President, Chief Investment Officer, Director
- Martin Levine, Chief Financial Officer, Treasurer, Secretary
- Stanley Middleman, Non-Executive Chairman of the Board, Director
- Robert C. Mercer Jr., Independent Director
- Joseph J. Murin, Independent Director
Who owns Cherry Hill Mortgage Investment Corporation stock?
Cherry Hill Mortgage Investment Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (8.92%), Vanguard Group Inc. (4.28%), Acadian Asset Management LLC (3.97%), Jacobs Asset Management LLC (3.64%), ClariVest Asset Management LLC (2.11%) and Goldman Sachs Group Inc. (1.35%). Company insiders that own Cherry Hill Mortgage Investment Corporation stock include Jeffrey B Lown, Julian Evans and Martin Levine. View Institutional Ownership Trends for Cherry Hill Mortgage Investment Corporation.
Who sold Cherry Hill Mortgage Investment Corporation stock? Who is selling Cherry Hill Mortgage Investment Corporation stock?
Cherry Hill Mortgage Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Jacobs Asset Management LLC, Hillsdale Investment Management Inc., Clear Harbor Asset Management LLC, Parametric Portfolio Associates LLC and Royal Bank of Canada. View Insider Buying and Selling for Cherry Hill Mortgage Investment Corporation.
Who bought Cherry Hill Mortgage Investment Corporation stock? Who is buying Cherry Hill Mortgage Investment Corporation stock?
Cherry Hill Mortgage Investment Corporation's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, ClariVest Asset Management LLC, Acadian Asset Management LLC, State Street Corp, Northern Trust Corp, Menta Capital LLC, Vanguard Group Inc. and Goldman Sachs Group Inc.. Company insiders that have bought Cherry Hill Mortgage Investment Corporation stock in the last two years include Jeffrey B Lown, Julian Evans and Martin Levine. View Insider Buying and Selling for Cherry Hill Mortgage Investment Corporation.
How do I buy Cherry Hill Mortgage Investment Corporation stock?
Shares of Cherry Hill Mortgage Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cherry Hill Mortgage Investment Corporation's stock price today?
One share of Cherry Hill Mortgage Investment Corporation stock can currently be purchased for approximately $18.45.
MarketBeat Community Rating for Cherry Hill Mortgage Investment Corporation (NYSE CHMI)MarketBeat's community ratings are surveys of what our community members think about Cherry Hill Mortgage Investment Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $18.50 (0.27% upside) |
Analysts' Ratings History for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/14/2017 | Citigroup Inc. | Reiterated Rating | Buy | $20.00 -> $19.00 | Low |  |
| 3/28/2017 | FBR & Co | Reiterated Rating | Outperform -> Outperform | $21.50 -> $18.50 | Low | |
| 1/8/2017 | Barclays PLC | Set Price Target | Hold | $19.00 | N/A | |
| 10/5/2016 | Wedbush | Initiated Coverage | Neutral | $17.50 | N/A | |
| 5/16/2016 | Sterne Agee CRT | Reiterated Rating | Buy | | N/A | |
(Data available from 9/23/2015 forward)
Earnings History for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)Earnings History by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE CHMI)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/7/2017 | | $0.45 | | | | | N/A | |
| 8/8/2017 | Q2 2017 | $0.51 | $0.53 | $4.79 million | $5.71 million | View | Listen | |
| 5/9/2017 | Q1 2017 | $0.49 | $0.63 | $8.50 million | $3.65 million | View | Listen | |
| 3/14/2017 | Q4 2016 | $0.50 | $0.51 | $3.75 million | $8.85 million | View | N/A | |
| 11/9/2016 | Q316 | $0.46 | $0.54 | $4.49 million | $5.28 million | View | Listen | |
| 8/9/2016 | Q216 | $0.49 | $0.53 | $5.05 million | $5.25 million | View | N/A | |
| 5/10/2016 | Q116 | $0.48 | $0.54 | $4.61 million | $3.53 million | View | Listen | |
| 3/15/2016 | Q415 | $0.49 | $0.49 | $5.25 million | $6.23 million | View | Listen | |
| 11/9/2015 | Q315 | $0.51 | $0.47 | $4.61 million | $4.87 million | View | N/A | |
| 8/10/2015 | Q215 | $0.52 | $0.48 | $5.65 million | $4.85 million | View | Listen | |
| 5/11/2015 | Q115 | $0.46 | $0.50 | $4.61 million | $5.20 million | View | Listen | |
| 3/11/2015 | Q4 | $0.47 | $0.49 | $4.90 million | $5.40 million | View | N/A | |
| 11/12/2014 | Q3 | $0.50 | $0.52 | $5.03 million | $5.10 million | View | N/A | |
| 8/12/2014 | Q214 | $0.50 | $0.49 | $5.05 million | $5.13 million | View | N/A | |
| 5/13/2014 | Q1 | $0.52 | $0.54 | $5.00 million | $5.06 million | View | N/A | |
| 3/26/2014 | | $0.36 | $0.42 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)Current Year EPS Consensus Estimate: $2.1 EPS
Next Year EPS Consensus Estimate: $2.03 EPS
Current Dividend Information for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)| Next Dividend: | 10/24/2017 |
| Annual Dividend: | $1.96 |
| Dividend Yield: | 10.62% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 28.08% (Trailing 12 Months of Earnings)
93.33% (Based on This Year's Estimates)
96.55% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE CHMI)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/18/2017 | quarterly | $0.49 | 10.77% | 9/28/2017 | 9/29/2017 | 10/24/2017 |
| 6/16/2017 | quarterly | $0.49 | 10.46% | 6/28/2017 | 6/30/2017 | 7/25/2017 |
| 3/9/2017 | quarterly | $0.49 | 10.83% | 3/16/2017 | 3/20/2017 | 4/25/2017 |
| 12/9/2016 | | $0.64 | | 12/28/2016 | 12/31/2016 | 1/31/2017 |
| 9/9/2016 | Quarterly | $0.49 | | 9/28/2016 | 9/30/2016 | 10/25/2016 |
| 6/17/2016 | Quarterly | $0.49 | | 6/28/2016 | 6/30/2016 | 7/26/2016 |
| 3/9/2016 | Quarterly | $0.49 | | 3/29/2016 | 3/31/2016 | 4/26/2016 |
| 12/11/2015 | Quarterly | $0.49 | | 12/29/2015 | 12/31/2015 | 1/26/2016 |
| 9/10/2015 | | $0.49 | | 9/28/2015 | 9/30/2015 | 10/27/2015 |
| 6/19/2015 | quarterly | $0.49 | 11.23% | 6/26/2015 | 6/30/2015 | 7/28/2015 |
| 3/6/2015 | quarterly | $0.51 | 11.35% | 3/27/2015 | 3/31/2015 | 4/28/2015 |
| 12/17/2014 | quarterly | $0.51 | 10.93% | 12/26/2014 | 12/30/2014 | 1/27/2015 |
| 9/11/2014 | quarterly | $0.51 | 10.36% | 9/26/2014 | 9/30/2014 | 10/28/2014 |
| 6/11/2014 | quarterly | $0.51 | 10.48% | 6/26/2014 | 6/30/2014 | 7/29/2014 |
| 3/18/2014 | quarterly | $0.50 | 10.89% | 3/31/2014 | 4/2/2014 | 4/29/2014 |
| 12/24/2013 | special | $0.45 | | 12/24/2013 | 12/27/2013 | 1/28/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)Insider Ownership Percentage: 8.90%
Institutional Ownership Percentage: 62.41%
Insider Trades by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/24/2017 | Julian Evans | Insider | Buy | 1,000 | $16.50 | $16,500.00 | |
| 3/24/2017 | Martin Levine | CFO | Buy | 2,000 | $16.48 | $32,960.00 | |
| 3/23/2017 | Jeffrey B Lown | President | Buy | 750 | $16.50 | $12,375.00 | |
| 11/18/2016 | Jeffrey B Lown | President | Buy | 500 | $17.04 | $8,520.00 | |
| 11/18/2016 | Martin Levine | CFO | Buy | 1,000 | $17.16 | $17,160.00 | |
| 5/13/2016 | Julian Evans | CIO | Buy | 500 | $14.74 | $7,370.00 | |
| 5/13/2016 | Martin Levine | CFO | Buy | 1,000 | $14.72 | $14,720.00 | |
| 8/14/2015 | Martin Levine | CFO | Buy | 1,000 | $16.21 | $16,210.00 | |
| 5/14/2015 | Martin Levine | CFO | Buy | 1,000 | $17.90 | $17,900.00 | |
| 8/25/2014 | Martin Levine | CFO | Buy | 1,500 | $19.78 | $29,670.00 | |
| 5/16/2014 | Jay Lown | Insider | Buy | 1,350 | $18.87 | $25,474.50 | |
| 5/16/2014 | Martin Levine | CFO | Buy | 3,200 | $19.00 | $60,800.00 | |
| 10/9/2013 | Jay Lown | CIO | Buy | 3,750 | $20.00 | $75,000.00 | |
| 10/9/2013 | Martin Levine | CFO | Buy | 5,900 | $17.58 | $103,722.00 | |
| 10/7/2013 | Citadel Gp Llc | Major Shareholder | Sell | 208,855 | $17.82 | $3,721,796.10 | |
| 10/4/2013 | Citadel Gp Llc | Major Shareholder | Sell | 135,705 | $18.55 | $2,517,327.75 | |
(Data available from 1/1/2013 forward)
Headline Trends for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)
Latest Headlines for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)
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Cherry Hill Mortgage Investment Corporation (CHMI) Chart for Saturday, September, 23, 2017
