Cherry Hill Mortgage Investment (NYSE:CHMI) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Cherry Hill Mortgage Investment (NYSE:CHMI) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.04%. The firm had revenue of $14.33 million during the quarter. During the same quarter in the prior year, the company earned $0.16 earnings per share.

Cherry Hill Mortgage Investment Trading Down 0.3 %

Shares of CHMI traded down $0.01 during trading hours on Thursday, reaching $2.85. The company had a trading volume of 277,119 shares, compared to its average volume of 197,932. The company has a market capitalization of $85.73 million, a price-to-earnings ratio of -1.88 and a beta of 1.47. Cherry Hill Mortgage Investment has a 12-month low of $2.76 and a 12-month high of $4.39. The firm has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $3.59.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 21.05%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

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.