Cherry Hill Mortgage Investment (NYSE:CHMI) Announces Earnings Results, Meets Expectations

Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14, Zacks reports. Cherry Hill Mortgage Investment had a return on equity of 23.26% and a net margin of 17.18%. The business had revenue of $6.56 million for the quarter, compared to analysts’ expectations of $11.20 million.

Cherry Hill Mortgage Investment Stock Performance

Shares of NYSE:CHMI traded down $0.05 during mid-day trading on Friday, hitting $2.59. 215,111 shares of the company traded hands, compared to its average volume of 150,428. The firm has a market cap of $95.69 million, a P/E ratio of 129.56 and a beta of 1.01. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $2.98. The firm’s 50 day simple moving average is $2.74 and its 200 day simple moving average is $2.59.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.4%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 2,000.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHMI shares. B. Riley Financial downgraded shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings lowered Cherry Hill Mortgage Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Finally, Citizens Jmp cut Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.00.

Read Our Latest Analysis on Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Company Profile

(Get Free Report)

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a real estate investment trust focused on residential mortgage assets. The company seeks to generate income primarily by investing in and managing mortgage-related investments rather than originating conventional consumer loans.

Its investment portfolio has included agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, mortgage servicing rights and other assets associated with the U.S.

See Also

Earnings History for Cherry Hill Mortgage Investment (NYSE:CHMI)

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