News articles about Cherry Hill Mortgage Investment (NYSE:CHMI) have been trending positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cherry Hill Mortgage Investment earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 48.42244527754 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently issued reports on CHMI shares. Zacks Investment Research raised shares of Cherry Hill Mortgage Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Finally, B. Riley set a $20.00 price objective on shares of Cherry Hill Mortgage Investment and gave the company a “buy” rating in a research note on Monday, March 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.63.
Shares of NYSE:CHMI opened at $17.55 on Friday. The stock has a market capitalization of $222.75, a PE ratio of 7.91 and a beta of 0.22. Cherry Hill Mortgage Investment has a fifty-two week low of $16.01 and a fifty-two week high of $19.43.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Thursday, March 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Wednesday, March 28th. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 88.29%.
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About Cherry Hill Mortgage Investment
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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