Cherry Hill Mortgage Investment (NYSE:CHMI) Releases Quarterly Earnings Results, Hits Estimates

Cherry Hill Mortgage Investment (NYSE:CHMI) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10, Zacks reports. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The business had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.50 million.

Cherry Hill Mortgage Investment Trading Up 6.7 %

NYSE:CHMI opened at $3.58 on Friday. The firm has a market cap of $113.06 million, a PE ratio of -2.35 and a beta of 1.43. The stock has a fifty day moving average price of $3.19 and a 200 day moving average price of $3.19. Cherry Hill Mortgage Investment has a 12-month low of $2.50 and a 12-month high of $3.99.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 16.78%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

CHMI has been the subject of several research analyst reports. Janney Montgomery Scott initiated coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target for the company. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.