Cherry Hill Mortgage Investment Corporation (CHMI) Getting Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.7759796029219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at 18.30 on Thursday. Cherry Hill Mortgage Investment Corporation has a 12-month low of $16.00 and a 12-month high of $19.43. The company has a 50 day moving average price of $18.83 and a 200-day moving average price of $18.23. The firm has a market cap of $232.56 million, a PE ratio of 3.10 and a beta of 0.39.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Analysts expect that Cherry Hill Mortgage Investment Corporation will post $2.19 EPS for the current year.
Several equities analysts have issued reports on CHMI shares. Zacks Investment Research cut Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Citigroup Inc. reiterated 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 research report on Sunday, May 14th. Finally, ValuEngine cut Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.00.
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About Cherry Hill Mortgage Investment Corporation
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.
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