Cherry Hill Mortgage Investment (NYSE:CHMI) will be issuing its quarterly earnings data after the market closes on Tuesday, March 13th. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
Cherry Hill Mortgage Investment (CHMI) opened at $16.73 on Friday. The stock has a market cap of $214.50, a P/E ratio of 2.49 and a beta of 0.32. Cherry Hill Mortgage Investment has a 1 year low of $16.01 and a 1 year high of $19.43.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Thursday, March 29th will be given a $0.49 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.72%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 29.12%.
CHMI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 12th. ValuEngine upgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.50.
A hedge fund recently raised its stake in Cherry Hill Mortgage Investment stock. The Manufacturers Life Insurance Company raised its position in Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 3,023.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,056 shares of the real estate investment trust’s stock after purchasing an additional 9,734 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Cherry Hill Mortgage Investment worth $186,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.94% of the company’s stock.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
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