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

Cherry Hill Mortgage Investment (NYSE:CHMI) issued 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. Cherry Hill Mortgage Investment had a positive return on equity of 15.04% and a negative net margin of 60.97%. The business had revenue of $14.33 million for the quarter. During the same quarter last year, the firm posted $0.16 EPS.

Cherry Hill Mortgage Investment Stock Performance

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

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 20.98%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -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.