Cherry Hill Mortgage Investment (NYSE:CHMI) Posts Earnings Results, Beats Estimates By $0.02 EPS

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

Cherry Hill Mortgage Investment Price Performance

CHMI opened at $2.67 on Monday. The stock has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.51. The firm has a market cap of $97.91 million, a PE ratio of 24.05 and a beta of 0.93. Cherry Hill Mortgage Investment has a 1 year low of $2.17 and a 1 year high of $3.04.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.40 annualized dividend and a dividend yield of 15.0%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 363.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Cherry Hill Mortgage Investment

Institutional investors have recently bought and sold shares of the company. Summit Financial LLC raised its holdings in Cherry Hill Mortgage Investment by 106.1% in the fourth quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock worth $2,679,000 after buying an additional 520,291 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 397,276 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 15,510 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the second quarter valued at approximately $908,000. Two Sigma Investments LP grew its holdings in shares of Cherry Hill Mortgage Investment by 92.8% during the third quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 125,499 shares during the last quarter. Finally, State Street Corp increased its position in shares of Cherry Hill Mortgage Investment by 11.3% during the fourth quarter. State Street Corp now owns 150,191 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 15,300 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other 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.