Cherry Hill Mortgage Investment (CHMI) Scheduled to Post Earnings on Tuesday

Cherry Hill Mortgage Investment (NYSE:CHMI – Get Rating) is set to release its earnings data after the market closes on Tuesday, March 7th. Analysts expect Cherry Hill Mortgage Investment to post earnings of $0.28 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cherry Hill Mortgage Investment Stock Up 1.4 %

NYSE:CHMI opened at $6.74 on Friday. The firm has a market capitalization of $141.47 million, a price-to-earnings ratio of 2.58 and a beta of 1.26. Cherry Hill Mortgage Investment has a twelve month low of $4.58 and a twelve month high of $8.33. The stock’s 50 day moving average price is $6.58 and its two-hundred day moving average price is $6.10.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.08 dividend on an annualized basis and a yield of 16.02%. Cherry Hill Mortgage Investment’s payout ratio is 41.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CHMI. First Republic Investment Management Inc. acquired a new stake in Cherry Hill Mortgage Investment during the 2nd quarter valued at $69,000. Verition Fund Management LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the 4th quarter worth about $79,000. Marshall Wace LLP acquired a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth about $87,000. Goldman Sachs Group Inc. bought a new stake in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth about $99,000. Finally, Jane Street Group LLC acquired a new position in Cherry Hill Mortgage Investment in the 4th quarter valued at about $105,000. Institutional investors own 16.87% of the company’s stock.

About Cherry Hill Mortgage Investment

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Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment. It also invests in agency residential mortgage backed securities, prime jumbo mortgage loans and other residential mortgage assets.