Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02, Zacks reports. Cherry Hill Mortgage Investment had a return on equity of 21.49% and a net margin of 26.43%.The business had revenue of $7.88 million during the quarter, compared to analyst estimates of $10.75 million.
Cherry Hill Mortgage Investment Stock Up 3.8%
CHMI opened at $2.90 on Wednesday. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $3.04. The company has a market cap of $106.36 million, a P/E ratio of 16.08 and a beta of 0.93. The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.51.
Cherry Hill Mortgage Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.40 annualized dividend and a dividend yield of 13.8%. Cherry Hill Mortgage Investment’s dividend payout ratio is 363.64%.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
Analyst Ratings Changes
Several equities analysts have recently commented on CHMI shares. Wall Street Zen lowered Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, June 24th. B. Riley Financial cut shares of Cherry Hill Mortgage Investment to a “neutral” rating in a report on Monday. Finally, Citizens Jmp downgraded shares of Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cherry Hill Mortgage Investment currently has a consensus rating of “Hold” and an average price target of $3.00.
Get Our Latest Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Company Profile
Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.
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