Cherry Hill Mortgage Investment (NYSE:CHMI) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Monday, March 18th. The real estate investment trust reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.15. Cherry Hill Mortgage Investment had a return on equity of 12.07% and a net margin of 64.66%. The firm had revenue of $6.57 million for the quarter, compared to analysts’ expectations of $5.17 million. On average, analysts expect Cherry Hill Mortgage Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:CHMI opened at $17.22 on Friday. Cherry Hill Mortgage Investment has a 52 week low of $16.30 and a 52 week high of $19.35. The stock has a market cap of $286.85 million, a PE ratio of 7.65 and a beta of 0.34.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date was Friday, March 15th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 87.11%.
A number of equities research analysts have recently commented on CHMI shares. Wedbush set a $20.00 target price on Cherry Hill Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, March 21st. Finally, ValuEngine cut Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.33.
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About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.
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