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Cherry Hill Mortgage Investment Corporation (CHMI-PB)
NYSE - NYSE Delayed price. Currency in USD
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211 reactions on $CHMI-PB conversation
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So, why the big drop now? No earnings or other news
2018 Q3 Book Value was over double what it is now.
Go ahead and scroll down to my post, since this board's postings are few.
We lost another $0.56 in BV from Q2 to Q3 this year.
do you think we can reach 9.5?
Your all going to get blind sided by a Public Offering. When was the last one? 😉
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Cherry Hill Mortgage Inv reached a 52 Week low at 7.90
Did anyone receive a letter to choose between cash dividend or stock for first qtr.payment?
Good ER today. Net interest income up 17% year over year. Core earnings of $0.52/share. Book value of $16.80/share after large non-cash book value adjustment for MSRs. Intend to lower dividend by 15-20% similar to TWO, who's share price increased after the dividend reduction, so hopefully investors will see similar reaction.
Cherry Hill is maintaining the quarterly dividend of .27 a share. Now if the share price can stay down so I can buy some more!
Why the big drop today?
Not thrilled by the core earnings, net losses all the way around, but especially the erosion of BV.
I'm personally looking for an exit well above $10, before or after the next dividend. And because I'm a sucker for these types of stocks, an entrance back under $8.50.
Nice article on Seeking Alpha by Scott Kennedy, who always does in depth analysis on REITS, usually NLY and AGNC. Per Scott, who rarely issues buy ratings, CHMI is a buy, as it's book value is $16.25 a share. He rates the stock a hold if it hits $14.25 and a sell if it hits it's full book value of $16.25.
These are hardly wild recommendations. CHMI is still a screaming buy at these levels.
Any thoughts on the next dividend?
I'd love it if they kept it at $0.40
But I'm thinking current value x 12% / 4 = $0.23
Nice move above $15 recently. Still holding with a $12 cost basis.
CHMI holds $1.49B in liabilities with D/E at 4.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Furthermore, CHMI has a current ratio of 0.12, indicating that it has a negative working capital and may not be able to pay financial obligations when due.
market is red and we are green! wow
Q3 eps $0.55, the 12th straight quarter higher than the common dividend.
$0.26 book value increase to $19.62.
And references to book value protection in rising rate environment.
Well done, CHMI.
Huge volume last few days! Assuming CHMI experienced book value hit similar to ORC (25-28%), its book value should be still over $12. I think CHMI will be above $8 by this Thursday.
Did they really need to price the offering at a dollar or more less than the current/recent share price? NSB
One year chart is a nose dive. I have owned this for a few years and used to enjoy the 10% div I was getting based on my purchase price. I didn't really care if it went up or down a buck or two, I got the same check. I cannot help but notice the stock price now. Ready for a turn around.
2 REITS to buy and hold to make a passive income!
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