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

Cherry Hill Mortgage Investment (NYSE:CHMI) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02, Zacks reports. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%.

Cherry Hill Mortgage Investment Stock Up 10.0%

CHMI opened at $2.65 on Monday. Cherry Hill Mortgage Investment has a 52 week low of $2.17 and a 52 week high of $3.04. The company has a market capitalization of $97.40 million, a P/E ratio of 23.88 and a beta of 0.93. The stock’s fifty day moving average is $2.34 and its two-hundred day moving average is $2.51.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Cherry Hill Mortgage Investment’s payout ratio is currently 363.64%.

Wall Street Analyst Weigh In

CHMI has been the subject of several research reports. Wall Street Zen lowered shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Trading of Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently made changes to their positions in CHMI. XTX Topco Ltd purchased a new position in Cherry Hill Mortgage Investment during the 4th quarter valued at about $27,000. Glenview Trust co purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth $34,000. Envestnet Asset Management Inc. bought a new stake in Cherry Hill Mortgage Investment during the 2nd quarter valued at $45,000. JPMorgan Chase & Co. increased its holdings 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 valued at $48,000 after acquiring an additional 20,000 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Cherry Hill Mortgage Investment by 38,518.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 20,415 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Company Profile

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.