Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) released its earnings results on Thursday. The real estate investment trust reported $0.10 EPS for the quarter, meeting 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 company had revenue of $0.66 million during the quarter, compared to analysts' expectations of $1.50 million.
Cherry Hill Mortgage Investment Trading Down 2.4 %
Shares of NYSE CHMI traded down $0.09 during mid-day trading on Monday, reaching $3.50. 241,672 shares of the company's stock were exchanged, compared to its average volume of 233,393. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The firm has a market capitalization of $110.53 million, a price-to-earnings ratio of -2.30 and a beta of 1.43. The business has a fifty day simple moving average of $3.20 and a 200 day simple moving average of $3.19.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 annualized dividend and a yield of 17.17%. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is presently 1,000.00%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday. JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a "buy" rating and a $4.00 target price for the company. Finally, B. Riley raised Cherry Hill Mortgage Investment to a "strong-buy" rating in a research note on Tuesday, January 7th.
Read Our Latest Stock Analysis on CHMI
About Cherry Hill Mortgage Investment
(
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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