We warned investors against high price-to-book ratios, especially in agency mortgage REITs. We've got a new batch of charts as of market close on 04/08/2025. Unfortunately, they tend to get outdated within hours. Tariffs on China drastically increased, creating uncertainty and challenges, especially for industrial REITs.
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector.
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company's common stock for the first quarter of 2025. The dividend will be payable in cash on April 30, 2025 to holders of the common stock of record as of the close of business on March 31, 2025. Additionally, Ch...
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 inab...
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is pleased to announce the appointment of Dale Hoffman to the Board of Directors, effective immediately. Mr. Hoffman is independent in accordance with NYSE listing standards, has been appointed to serve on the Compensation Committee and Nominating and Corporate Governance Committee of the Board and wil...
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 ...
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights GAAP net income applicable to common stockholders of $9.1 million, or $0.29 per share. Earnings available for distribution (“EAD”) attributable to common stockholders of $3....
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