Cherry Hill Mortgage Investment (CHMI) to Release Quarterly Earnings on Monday

Cherry Hill Mortgage Investment (NYSE:CHMI) is set to post its earnings results after the market closes on Monday, May 6th. Analysts expect Cherry Hill Mortgage Investment to post earnings of $0.18 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. The firm had revenue of $12.79 million during the quarter, compared to analysts’ expectations of $3.11 million. During the same period in the prior year, the company posted $0.24 EPS. On average, analysts expect Cherry Hill Mortgage Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI stock opened at $3.50 on Friday. The firm’s 50-day moving average is $3.47 and its two-hundred day moving average is $3.63. The company has a market capitalization of $105.07 million, a PE ratio of -2.05 and a beta of 1.45. Cherry Hill Mortgage Investment has a 12 month low of $2.77 and a 12 month high of $5.39.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 17.14%. The ex-dividend date was Wednesday, March 27th. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -35.29%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHMI shares. B. Riley reissued a “buy” rating and set a $5.00 price objective (down from $5.50) on shares of Cherry Hill Mortgage Investment in a research report on Thursday, March 21st. StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Friday, March 15th.

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.