Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Investment analysts at B. Riley dropped their Q1 2018 earnings per share estimates for shares of Cherry Hill Mortgage Investment in a research note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $0.49 per share for the quarter, down from their previous forecast of $0.50. B. Riley currently has a “Buy” rating and a $19.50 target price on the stock.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. Cherry Hill Mortgage Investment had a return on equity of 9.49% and a net margin of 136.70%. The company had revenue of $5.84 million for the quarter, compared to analyst estimates of $5.55 million. During the same period in the prior year, the company posted $0.54 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. FBR & Co reaffirmed a “buy” rating and issued a $19.50 target price on shares of Cherry Hill Mortgage Investment in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.50.

Cherry Hill Mortgage Investment (CHMI) opened at $17.62 on Monday. Cherry Hill Mortgage Investment has a 52-week low of $16.40 and a 52-week high of $19.43. The stock has a market capitalization of $224.15, a P/E ratio of 2.61 and a beta of 0.37.

Several hedge funds have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. raised its position in shares of Cherry Hill Mortgage Investment by 314.5% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 68,800 shares of the real estate investment trust’s stock valued at $1,244,000 after acquiring an additional 52,200 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Cherry Hill Mortgage Investment by 21.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 17,620 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 3,080 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Cherry Hill Mortgage Investment by 994.7% during the 3rd quarter. Wells Fargo & Company MN now owns 119,626 shares of the real estate investment trust’s stock valued at $2,165,000 after acquiring an additional 108,698 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 3.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 276,300 shares of the real estate investment trust’s stock valued at $5,001,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Cherry Hill Mortgage Investment by 253.8% during the 3rd quarter. Bessemer Group Inc. now owns 32,900 shares of the real estate investment trust’s stock valued at $595,000 after acquiring an additional 23,600 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Thursday, December 28th. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 29.04%.

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About Cherry Hill Mortgage Investment

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 and Estimates for Cherry Hill Mortgage Investment (NYSE:CHMI)

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