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Cherry Hill Mortgage Investment Corporation (CHMI)
NYSE - NYSE Delayed price. Currency in USD
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Orchid Island Capital, Inc.
$ORC is an underdog of a performing REITs stock which tells you that this is a great opportunity to get exposure in this type of market. For example, as the market was going thru tumultuous times a few wks ago ORC remained pretty resilient in forward downward pressure as it could've seen bigger declines. This is an income play (longterm) not a price appreciation plan so you have to change mindset overall. Second, REITs generally speaking perform well when interest rates hike up altho broader consensus "assume" the opposite happen for MBS. According to reports like SA, it was mentioned how over the past 20 yrs, REITs have produced nearly 2x higher total returns compared to typical stocks in the 12 months following announcement of rate hikes. So take that input as you will but REITs are basically leveraged operating debt used in many cases to offset greater tax implications esp in today's BLUE environment where taxes increases are of favor forward looking. So dont fall to assumptions that REITs underperform during rate hikes. ORC has a very stable Dividend altho pricing has trickled down a bit however this is an income play not a price appreciation focus. And an add'l nugget, wealthy or stable high income earners usually push for real estate investment as a tax haven and always remember real estate is not a want but an essential form of living. People will always have an interest in buying new property. Don't believe me? Check today's report for last month's Home sales in the US for the month of November'21 where sales were very good altho it was a 1.9% slip YOY which is marginal. So again, REITs perform well in this type of environment overall, just check and do your research. On another note, plz take a look at the following Divvy paying stocks like; #1: $CHMI, #2: $RVI, #3: $ARR, #4: $CRT, #5: $ARLP. Those are some of the decent Dividend paying stocks to look into esp $CHMI. Any hoot, GL to ALL Investors!!!
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do you think we can reach 9.5?
So, why the big drop now? No earnings or other news
pre Mark et +9%?
Yahoo Finance Insights
Cherry Hill Mortgage Inv reached a 52 Week low at 7.75
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.
Yahoo Finance Insights
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.
Your all going to get blind sided by a Public Offering. When was the last one? 😉
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.
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.
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