Zacks: Analysts Expect Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Will Announce Earnings of $0.29 Per Share

Wall Street analysts expect Cherry Hill Mortgage Investment Co. (NYSE:CHMI) to post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cherry Hill Mortgage Investment’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Cherry Hill Mortgage Investment posted earnings of $0.37 per share during the same quarter last year, which suggests a negative year over year growth rate of 21.6%. The firm is scheduled to announce its next earnings results on Tuesday, March 8th.

According to Zacks, analysts expect that Cherry Hill Mortgage Investment will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.07. For the next fiscal year, analysts expect that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.22 to $1.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Cherry Hill Mortgage Investment.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, November 9th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). Cherry Hill Mortgage Investment had a net margin of 52.23% and a return on equity of 16.29%. During the same quarter in the prior year, the company earned $0.48 EPS.

Separately, Zacks Investment Research downgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research note on Tuesday.

Hedge funds have recently modified their holdings of the business. Wiley BROS. Aintree Capital LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 1.1% during the fourth quarter. Wiley BROS. Aintree Capital LLC now owns 168,313 shares of the real estate investment trust’s stock valued at $1,392,000 after purchasing an additional 1,892 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Cherry Hill Mortgage Investment by 3.6% during the third quarter. Invesco Ltd. now owns 54,792 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 1,914 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Cherry Hill Mortgage Investment by 10.1% during the second quarter. Royal Bank of Canada now owns 25,597 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 2,343 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Cherry Hill Mortgage Investment by 1.4% during the third quarter. Two Sigma Investments LP now owns 295,207 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 4,080 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Cherry Hill Mortgage Investment by 5.2% during the third quarter. WINTON GROUP Ltd now owns 92,404 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 4,588 shares in the last quarter. Institutional investors and hedge funds own 27.98% of the company’s stock.

CHMI stock traded down $0.05 during mid-day trading on Friday, reaching $8.35. The company had a trading volume of 168,944 shares, compared to its average volume of 120,274. The company has a market capitalization of $149.52 million, a PE ratio of 29.82 and a beta of 1.17. The firm has a 50 day moving average of $8.63 and a 200 day moving average of $9.01. Cherry Hill Mortgage Investment has a 12 month low of $7.83 and a 12 month high of $10.68.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 25th. Shareholders of record on Friday, December 31st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.08 dividend on an annualized basis and a yield of 12.93%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 385.73%.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment. It also invests in agency residential mortgage backed securities, prime jumbo mortgage loans and other residential mortgage assets.

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