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Hot Stocks
Cherry Hill Mortgage rises 12.5% » 09:47
05/12/20
05/12
09:47
05/12/20
09:47
CHMI

Cherry Hill Mortgage

$6.98 /

+0.76 (+12.22%)

Cherry Hill Mortgage is…

Cherry Hill Mortgage is up 12.5%, or 79c to $7.07.

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CHMI Cherry Hill Mortgage
$6.98 /

+0.76 (+12.22%)

CHMI Cherry Hill Mortgage
$6.98 /

+0.76 (+12.22%)

04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
CHMI Cherry Hill Mortgage
$6.98 /

+0.76 (+12.22%)

Earnings
Cherry Hill Mortgage reports Q1 core EPS 47c, consensus 1c » 16:24
05/11/20
05/11
16:24
05/11/20
16:24
CHMI

Cherry Hill Mortgage

$6.25 /

-0.305 (-4.65%)

"First and foremost,…

"First and foremost, I would like to express my gratitude to our team at Cherry Hill for their tireless work over the past few months to navigate Cherry Hill through the pandemic," said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. "Given the unprecedented economic environment, we remain focused on liquidity and risk-adjusted returns as we selectively evaluate investment opportunities."

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CHMI Cherry Hill Mortgage
$6.25 /

-0.305 (-4.65%)

04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Hot Stocks
Cherry Hill Mortgage sees GAAP book value down 25%-30% as of March 31 » 07:10
04/13/20
04/13
07:10
04/13/20
07:10
CHMI

Cherry Hill Mortgage

$6.53 /

+0.47 (+7.76%)

Cherry Hill Mortgage…

Cherry Hill Mortgage provided an operational update on its business. Cherry Hill's priority is to ensure the health and well-being of all of its team members. All team members have been working remotely since early March. The transition has been virtually seamless due to the company's use of a cloud-based solution for its day-to-day operations. As of April 13 the company has: Unrestricted cash of approximately $92 million after giving effect to scheduled settlements; Continued to proactively and prudently manage its RMBS portfolio to reduce leverage to approximately 5.1x for its aggregate portfolio as of March 31, 2020, compared to approximately 6.1x at December 31, 2019; Reduced its position in credit risk transfer bonds to approximately $17 million market value, substantially all of which it owns outright; The recently enacted federal government's Coronavirus Aid, Relief, and Economic Security Act, or CARES, provides for mortgage loan forbearance programs. Although the level of participation in those programs and the potential size of the resulting servicing advance obligations is unknown, the company believes that it is adequately positioned to utilize its liquidity to manage and meet its advancing obligations over the near-term. Based on initial information regarding servicing costs, servicing income and third-party MSR valuations available, the company preliminarily estimates that its GAAP book value as of March 31, declined between 25% to 30% since December 31, 2019.

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CHMI Cherry Hill Mortgage
$6.53 /

+0.47 (+7.76%)

04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Recommendations
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler » 08:09
04/09/20
04/09
08:09
04/09/20
08:09
COOP

Mr. Cooper

$7.16 /

+1.2 (+20.13%)

, PFSI

PennyMac Financial

$24.00 /

+3.68 (+18.11%)

, AJX

Great Ajax

$7.01 /

+0.65 (+10.22%)

, CHMI

Cherry Hill Mortgage

$6.06 /

+1.49 (+32.60%)

, EFC

Ellington Financial

$9.11 /

+3.91 (+75.19%)

, PMT

PennyMac Mortgage

$9.83 /

+1.26 (+14.70%)

, RC

Ready Capital

$5.36 /

+0.56 (+11.67%)

The volatility in the…

The volatility in the Mortgage Finance sector presents a "unique opportunity" for the mortgage originator/servicers with low leverage and access to ample liquidity, Piper Sandler analyst Kevin Barker tells investors in a research note. PennyMac Financial (PFSI) has come under significant pressure as the market discounted the potential for a liquidity squeeze from the government's forbearance programs, adds the analyst. However, Baker believes these fears have been over-discounted in the stock given PennyMac's "strong capital base and diverse funding profile." The analyst believes PennyMac is operating from a position of strength and that the overhangs will erode with the company announcing an expansion of its credit lines. Other Overweight-rated names for Baker include Mr. Cooper Group (COOP), Great Ajax (AJX), Cherry Hill Mortgage (CHMI), Ellington Financial (EFC), PennyMac Mortgage (PMT) and Ready Capital (RC). The analyst did not downgrade Mr. Cooper Group this morning as has been reported by other media outlets.

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COOP Mr. Cooper
$7.16 /

+1.2 (+20.13%)

04/07/20 Wedbush
Mr. Cooper downgraded to Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral from Outperform at Wedbush
03/18/20 Piper Sandler
Mr. Cooper upgraded to Overweight from Underweight at Piper Sandler
PFSI PennyMac Financial
$24.00 /

+3.68 (+18.11%)

04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
03/23/20 JMP Securities
PennyMac Financial upgraded to Outperform from Market Perform at JMP Securities
02/28/20 Keefe Bruyette
PennyMac Financial upgraded to Outperform from Market Perform at Keefe Bruyette
02/13/20 Wells Fargo
PennyMac selloff on BlackRock sale a buying opportunity, says Wells Fargo
AJX Great Ajax
$7.01 /

+0.65 (+10.22%)

04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
CHMI Cherry Hill Mortgage
$6.06 /

+1.49 (+32.60%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
EFC Ellington Financial
$9.11 /

+3.91 (+75.19%)

09/27/19 Nomura Instinet
Ellington Financial initiated with a Buy at Nomura Instinet
PMT PennyMac Mortgage
$9.83 /

+1.26 (+14.70%)

12/02/19 Compass Point
PennyMac Mortgage initiated with a Neutral at Compass Point
10/11/19 Deutsche Bank
PennyMac Mortgage initiated with a Buy rating at Deutsche Bank
09/23/19 BofA
PennyMac Mortgage initiated with a Buy at BofA/Merrill
RC Ready Capital
$5.36 /

+0.56 (+11.67%)

12/23/19
Fly Intel: Top five analyst actions
12/23/19 Sandler O'Neill
Ready Capital upgraded to Buy from Hold at Sandler O'Neill
11/08/19 Compass Point
Ready Capital downgraded to Hold from Buy at Compass Point
Recommendations
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR » 09:17
04/08/20
04/08
09:17
04/08/20
09:17
CHMI

Cherry Hill Mortgage

$4.57 /

+0.51 (+12.56%)

, NRZ

New Residential

$3.95 /

+0.525 (+15.35%)

B. Riley FBR analyst Tim…

B. Riley FBR analyst Tim Hayes lowered the firm's price target on Cherry Hill Mortgage (CHMI) to $9 from $15 and reiterates a Buy rating on the shares. The analyst's analysis indicates that monthly capital commitments for both New Residential (NRZ) and Cherry Hill should be manageable across different delinquency scenarios, even without any support from the U.S. government or Federal Reserve. Hayes believes liquidity concerns Since the CARES Act was passed by Congress have been exaggerated.

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CHMI Cherry Hill Mortgage
$4.57 /

+0.51 (+12.56%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
NRZ New Residential
$3.95 /

+0.525 (+15.35%)

04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
04/02/20 BTIG
New Residential price target lowered to $10.50 from $18 at BTIG
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
Hot Stocks
Cherry Hill Mortgage rises 32.3% » 10:00
04/07/20
04/07
10:00
04/07/20
10:00
CHMI

Cherry Hill Mortgage

$5.49 /

+1.43 (+35.22%)

Cherry Hill Mortgage is…

Cherry Hill Mortgage is up 32.3%, or $1.32 to $5.41.

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CHMI Cherry Hill Mortgage
$5.49 /

+1.43 (+35.22%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Over a quarter ago
Hot Stocks
Cherry Hill Mortgage rises 35.6% » 12:00
04/06/20
04/06
12:00
04/06/20
12:00
CHMI

Cherry Hill Mortgage

$3.92 /

+1.03 (+35.64%)

Cherry Hill Mortgage is…

Cherry Hill Mortgage is up 35.6%, or $1.03 to $3.92.

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CHMI Cherry Hill Mortgage
$3.92 /

+1.03 (+35.64%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Hot Stocks
Cherry Hill Mortgage rises 28.0% » 10:00
04/06/20
04/06
10:00
04/06/20
10:00
CHMI

Cherry Hill Mortgage

$3.35 /

+0.46 (+15.92%)

Cherry Hill Mortgage is…

Cherry Hill Mortgage is up 28.0%, or 81c to $3.70.

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CHMI Cherry Hill Mortgage
$3.35 /

+0.46 (+15.92%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Hot Stocks
Cherry Hill Mortgage to pay Q1 dividend in 50% cash, 50% stock » 14:30
03/27/20
03/27
14:30
03/27/20
14:30
CHMI

Cherry Hill Mortgage

$7.75 /

-0.56 (-6.74%)

Cherry Hill Mortgage…

Cherry Hill Mortgage Investment announced that it has decided to pay its previously declared cash dividend for Q1 of 40c per share of common stock, in a combination of cash, not to exceed 50% in the aggregate, and common stock. As previously announced by the company on March 12, the dividend will continue to be payable on April 28, to stockholders of record as of the close of business on March 31.

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CHMI Cherry Hill Mortgage
$7.75 /

-0.56 (-6.74%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
Earnings
Cherry Hill Mortgage reports Q4 core EPS 48c, consensus 43c » 16:18
02/27/20
02/27
16:18
02/27/20
16:18
CHMI

Cherry Hill Mortgage

$14.89 /

-0.235 (-1.55%)

"I'm pleased…

"I'm pleased with our fourth quarter results. We capped off the year with solid core earnings while protecting book value," said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. "Our performance is a testament to the capabilities and experience of our entire team. We look to continue our success in 2020 by actively managing our portfolio as the company continues to grow and evolve."

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CHMI Cherry Hill Mortgage
$14.89 /

-0.235 (-1.55%)

01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler

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