Cherry Hill Mortgage Investment (NYSE:CHMI) Issues Earnings Results

Cherry Hill Mortgage Investment (NYSE:CHMI) posted its earnings results on Tuesday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. The firm had revenue of $14.33 million for the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. During the same quarter last year, the firm posted $0.16 earnings per share.

Cherry Hill Mortgage Investment Price Performance

CHMI opened at $2.78 on Friday. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.58. Cherry Hill Mortgage Investment has a 12 month low of $2.76 and a 12 month high of $4.39.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 21.58%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -39.47%.

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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.