Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, April 30th. This represents a $0.60 annualized dividend and a dividend yield of 16.51%. The ex-dividend date of this dividend is Monday, March 31st.
Cherry Hill Mortgage Investment has increased its dividend by an average of 24.8% per year over the last three years. Cherry Hill Mortgage Investment has a dividend payout ratio of 96.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Research analysts expect Cherry Hill Mortgage Investment to earn $0.59 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 101.7%.
Cherry Hill Mortgage Investment Price Performance
Shares of NYSE:CHMI traded up $0.02 during trading on Tuesday, hitting $3.64. 591,530 shares of the company were exchanged, compared to its average volume of 238,304. The company has a market cap of $114.96 million, a PE ratio of -2.39 and a beta of 1.43. The stock has a 50 day moving average of $3.30 and a 200 day moving average of $3.19. Cherry Hill Mortgage Investment has a 52-week low of $2.50 and a 52-week high of $3.99.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $0.66 million for the quarter, compared to the consensus estimate of $1.50 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. Sell-side analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently issued reports on CHMI. Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a "buy" rating and a $4.00 price objective on the stock. StockNews.com upgraded Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. JMP Securities reiterated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Finally, B. Riley upgraded Cherry Hill Mortgage Investment to a "strong-buy" rating in a research report on Tuesday, January 7th.
View Our Latest Analysis on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Company Profile
(
Get Free Report)
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.
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