Cherry Hill Mortgage Investment (NYSE:CHMI) will be announcing its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). The business had revenue of $4.70 million for the quarter, compared to analyst estimates of $4.48 million. Cherry Hill Mortgage Investment had a return on equity of 10.42% and a net margin of 147.31%. On average, analysts expect Cherry Hill Mortgage Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of CHMI stock opened at $17.99 on Monday. The company has a market cap of $284.58 million, a PE ratio of 8.10 and a beta of 0.23. Cherry Hill Mortgage Investment has a 1-year low of $16.01 and a 1-year high of $19.20.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Friday, September 28th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 10.89%. The ex-dividend date was Thursday, September 27th. Cherry Hill Mortgage Investment’s payout ratio is 88.29%.
A hedge fund recently raised its stake in Cherry Hill Mortgage Investment stock. Bank of New York Mellon Corp increased its position in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,943 shares of the real estate investment trust’s stock after purchasing an additional 4,233 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Cherry Hill Mortgage Investment worth $1,589,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 56.16% of the company’s stock.
Several research analysts have recently weighed in on CHMI shares. Zacks Investment Research downgraded Cherry Hill Mortgage Investment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. TheStreet raised Cherry Hill Mortgage Investment from a “c” rating to a “b” rating in a research note on Wednesday, October 31st. ValuEngine raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, B. Riley set a $19.00 target price on Cherry Hill Mortgage Investment and gave the stock a “buy” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Cherry Hill Mortgage Investment presently has a consensus rating of “Buy” and an average target price of $20.00.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.
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