Cherry Hill Mortgage Investment (NYSE:CHMI) Announces Earnings Results

Cherry Hill Mortgage Investment (NYSE:CHMI) issued 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 negative net margin of 60.97% and a positive return on equity of 15.18%.

Cherry Hill Mortgage Investment Stock Performance

Shares of CHMI opened at $3.39 on Friday. The stock has a 50 day simple moving average of $3.17 and a 200 day simple 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. The firm has a market capitalization of $107.21 million, a PE ratio of -2.23 and a beta of 1.40.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 17.70%. The ex-dividend date was Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

Analyst Upgrades and Downgrades

CHMI has been the subject of a number of recent analyst reports. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price for the company. Finally, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

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.