Equities research analysts forecast that Cherry Hill Mortgage Investment Corp (NYSE:CHMI) will post $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cherry Hill Mortgage Investment’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.50. Cherry Hill Mortgage Investment reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The business is expected to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Cherry Hill Mortgage Investment will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.12 to $2.16. For the next year, analysts expect that the company will post earnings of $2.09 per share, with EPS estimates ranging from $2.02 to $2.15. Zacks’ EPS averages are an average based on a survey of research firms that cover Cherry Hill Mortgage Investment.
Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Cherry Hill Mortgage Investment had a positive return on equity of 12.36% and a negative net margin of 29.80%. The firm had revenue of $6.23 million during the quarter, compared to analyst estimates of $5.23 million.
A number of research firms recently weighed in on CHMI. ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.33.
Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in Cherry Hill Mortgage Investment by 51.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 674 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Cherry Hill Mortgage Investment by 534.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,344 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,817 shares during the last quarter. Synovus Financial Corp boosted its stake in Cherry Hill Mortgage Investment by 29.7% during the 1st quarter. Synovus Financial Corp now owns 4,166 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 955 shares during the last quarter. Advisor Group Inc. boosted its stake in Cherry Hill Mortgage Investment by 675.9% during the 4th quarter. Advisor Group Inc. now owns 4,182 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Denali Advisors LLC purchased a new stake in Cherry Hill Mortgage Investment during the 2nd quarter valued at $90,000. 59.50% of the stock is owned by institutional investors.
Shares of NYSE:CHMI traded down $0.04 during trading on Tuesday, hitting $15.81. The stock had a trading volume of 109,586 shares, compared to its average volume of 224,448. Cherry Hill Mortgage Investment has a 12 month low of $15.70 and a 12 month high of $19.35. The company has a market cap of $263.36 million, a P/E ratio of 6.84 and a beta of 0.35. The company has a fifty day moving average of $16.18.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, June 28th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 12.40%. The ex-dividend date of this dividend is Thursday, June 27th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 87.11%.
Cherry Hill Mortgage Investment Company Profile
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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