5 High Yield REIT Dividend Stocks For 2022

3. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

Dividend Yield as of January 25: 13.43%

Number of Hedge Fund Holders: 5

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) is a diversified, hybrid residential mortgage REIT with a portfolio focused on mortgage servicing rights, agency residential mortgage backed securities, and other residential mortgage assets. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) delivers a 13.43% dividend yield as of January 25. 

On December 9, Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend of $0.27, in line with previous. The dividend was distributed on January 25, to shareholders of record on December 31. 

In August 2021, RBC Capital analyst Michael Carroll downgraded Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) to Sector Perform from Outperform with a price target of $24, down from $26. The analyst noted that while the company reported an “in-line” quarter with solid rent collections and a healthy investment pace, some potential concerns are beginning to “percolate” and may result in delayed rent payments.

A total of 5 hedge funds in the Q3 database of Insider Monkey were bullish on Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), with stakes equaling $12.2 million. Renaissance Technologies is the leading stakeholder of the REIT from the third quarter of 2021, holding 807,684 shares worth $7.1 million.