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

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date is Tuesday, June 30th.

Cherry Hill Mortgage Investment has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Cherry Hill Mortgage Investment has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE:CHMI opened at $2.37 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $2.17 and a twelve month high of $3.04. The firm has a market cap of $86.89 million, a PE ratio of 21.50 and a beta of 0.93. The business has a fifty day moving average of $2.52 and a 200-day moving average of $2.58.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%.The company had revenue of $4.64 million during the quarter, compared to analyst estimates of $10.30 million. On average, analysts anticipate that Cherry Hill Mortgage Investment will post 0.57 EPS for the current fiscal year.

Institutional Trading of Cherry Hill Mortgage Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its position in Cherry Hill Mortgage Investment by 92.8% in the third quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 125,499 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Cherry Hill Mortgage Investment in the second quarter worth about $374,000. Vident Advisory LLC increased its position in Cherry Hill Mortgage Investment by 58.2% in the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 21,731 shares during the period. JPMorgan Chase & Co. increased its position in Cherry Hill Mortgage Investment by 27,027.0% in the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 20,000 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Cherry Hill Mortgage Investment in the second quarter worth about $45,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.