Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced its earnings results on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02, Bloomberg Earnings reports. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.35% and a net margin of 155.62%. The firm had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) traded up 0.21% on Tuesday, reaching $19.35. 82,465 shares of the company’s stock traded hands. Cherry Hill Mortgage Investment Corporation has a 52-week low of $15.52 and a 52-week high of $19.43. The firm has a market capitalization of $245.75 million, a PE ratio of 2.70 and a beta of 0.38. The firm’s 50 day moving average price is $18.86 and its 200 day moving average price is $18.14.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, June 30th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.96 annualized dividend and a yield of 10.13%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is 27.45%.

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Several equities research analysts recently commented on CHMI shares. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, April 26th. ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Citigroup Inc. reissued a “buy” rating and set a $19.00 target price (down previously from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a report on Sunday, May 14th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Cherry Hill Mortgage Investment Corporation Company Profile

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

Earnings History for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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