Cherry Hill Mortgage Investment Corporation (CHMI) Earning Somewhat Positive News Coverage, Report Finds

Media headlines about Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.7524855356728 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at 18.42 on Wednesday. The company has a market cap of $234.08 million, a PE ratio of 3.12 and a beta of 0.39. Cherry Hill Mortgage Investment Corporation has a 12 month low of $16.00 and a 12 month high of $19.43. The firm’s 50-day moving average price is $18.78 and its 200-day moving average price is $18.23.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $5.71 million for the quarter, compared to analyst estimates of $4.79 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 138.90%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Equities analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.19 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. ValuEngine upgraded Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research downgraded Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.00.

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About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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