Cherry Hill Mortgage Investment (NYSE:CHMI) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Cherry Hill Mortgage Investment (NYSE:CHMI) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06), Zacks reports. Cherry Hill Mortgage Investment had a positive return on equity of 15.04% and a negative net margin of 60.97%. The company had revenue of $14.33 million for the quarter. During the same period in the prior year, the company earned $0.16 earnings per share.

Cherry Hill Mortgage Investment Price Performance

Shares of Cherry Hill Mortgage Investment stock remained flat at $2.86 during trading on Thursday. The company had a trading volume of 230,728 shares, compared to its average volume of 197,722. Cherry Hill Mortgage Investment has a 12 month low of $2.76 and a 12 month high of $4.39. The stock has a 50-day simple moving average of $3.45 and a 200-day simple moving average of $3.59. The stock has a market cap of $86.03 million, a PE ratio of -1.88 and a beta of 1.47.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 20.98%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

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