Cherry Hill Mortgage Investment (NYSE:CHMI) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Cherry Hill Mortgage Investment (NYSE:CHMI) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01), Zacks reports. Cherry Hill Mortgage Investment had a return on equity of 21.74% and a net margin of 26.43%.

Cherry Hill Mortgage Investment Trading Up 1.7%

CHMI traded up $0.04 during trading on Thursday, reaching $2.63. 123,666 shares of the company’s stock were exchanged, compared to its average volume of 234,681. Cherry Hill Mortgage Investment has a one year low of $2.17 and a one year high of $2.98. The stock has a market capitalization of $97.36 million, a PE ratio of 14.64 and a beta of 1.01. The firm has a fifty day moving average price of $2.75 and a two-hundred day moving average price of $2.59.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 annualized dividend and a yield of 15.2%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 222.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHMI shares. 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 cut Cherry Hill Mortgage Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. B. Riley Financial cut Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Citizens Jmp downgraded Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cherry Hill Mortgage Investment presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a real estate investment trust focused on residential mortgage assets. The company seeks to generate income primarily by investing in and managing mortgage-related investments rather than originating conventional consumer loans.

Its investment portfolio has included agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, mortgage servicing rights and other assets associated with the U.S.