Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI – Get Free Report) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $3.00.
A number of research firms have recently weighed in on CHMI. B. Riley Financial downgraded Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings downgraded Cherry Hill Mortgage Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Citizens Jmp lowered Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st.
Read Our Latest Stock Analysis on CHMI
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Trading Down 1.3%
Cherry Hill Mortgage Investment stock opened at $2.60 on Tuesday. The company has a market cap of $96.25 million, a PE ratio of 14.47 and a beta of 1.01. Cherry Hill Mortgage Investment has a 1 year low of $2.17 and a 1 year high of $2.98. The company’s 50-day moving average is $2.76 and its two-hundred day moving average is $2.58.
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Cherry Hill Mortgage Investment had a net margin of 26.43% and a return on equity of 21.74%. The business had revenue of $7.88 million during the quarter, compared to the consensus estimate of $10.75 million. Research analysts forecast that Cherry Hill Mortgage Investment will post 0.59 EPS for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 annualized dividend and a yield of 15.4%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 222.22%.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) is a real estate investment trust that invests in residential mortgage-related assets. The company primarily focuses on generating income from portfolios of mortgage assets tied to the U.S. residential housing market.
Its investments have included agency mortgage-backed securities, which are issued or guaranteed by U.S. government-sponsored entities, as well as mortgage servicing rights and excess mortgage servicing rights. These assets can provide income from interest payments and servicing-related cash flows.
Cherry Hill Mortgage Investment Corporation was founded in 2012 and is externally managed by Cherry Hill Mortgage Management, LLC.
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