Cherry Hill Mortgage Investment Corporation Declares Quarterly Dividend of $0.10 (NYSE:CHMI)

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Friday, December 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

Cherry Hill Mortgage Investment has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Cherry Hill Mortgage Investment has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cherry Hill Mortgage Investment to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 67.8%.

Cherry Hill Mortgage Investment Trading Down 1.0%

CHMI stock traded down $0.03 during midday trading on Friday, hitting $2.55. The company had a trading volume of 104,302 shares, compared to its average volume of 248,449. The stock has a market cap of $93.50 million, a price-to-earnings ratio of 127.25 and a beta of 1.06. Cherry Hill Mortgage Investment has a 52 week low of $2.17 and a 52 week high of $3.68. The stock’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.66.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%.The business had revenue of $8.57 million during the quarter, compared to analysts’ expectations of $2.87 million. Analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. raised its stake in Cherry Hill Mortgage Investment by 38,518.9% in the third quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 20,415 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Cherry Hill Mortgage Investment by 92.8% in the 3rd quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 125,499 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cherry Hill Mortgage Investment by 27,027.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 20,000 shares in the last quarter. Sheets Smith Investment Management purchased a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth $132,000. Finally, Corient Private Wealth LLC bought a new stake in Cherry Hill Mortgage Investment during the second quarter valued at about $908,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.