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

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

Cherry Hill Mortgage Investment has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Cherry Hill Mortgage Investment has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cherry Hill Mortgage Investment to earn $0.60 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 66.7%.

Cherry Hill Mortgage Investment Price Performance

NYSE CHMI opened at $2.90 on Friday. Cherry Hill Mortgage Investment has a 12 month low of $2.17 and a 12 month high of $3.04. The company has a 50-day moving average of $2.60 and a 200-day moving average of $2.56. The company has a market cap of $107.34 million, a P/E ratio of 16.14 and a beta of 0.97.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Cherry Hill Mortgage Investment had a net margin of 26.43% and a return on equity of 21.74%. The business had revenue of $7.88 million for the quarter, compared to analyst estimates of $10.75 million. As a group, equities research analysts anticipate that Cherry Hill Mortgage Investment will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

CHMI has been the topic of a number of recent analyst reports. Citizens Jmp downgraded shares of Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Cherry Hill Mortgage Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Finally, B. Riley Financial lowered Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.