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

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

Cherry Hill Mortgage Investment Stock Performance

NYSE CHMI traded down $0.08 during trading hours on Thursday, reaching $2.78. 412,055 shares of the company’s stock were exchanged, compared to its average volume of 198,542. The company has a market capitalization of $83.62 million, a price-to-earnings ratio of -1.83 and a beta of 1.47. Cherry Hill Mortgage Investment has a one year low of $2.76 and a one year high of $4.39. The company’s 50-day moving average is $3.43 and its two-hundred day moving average is $3.58.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 21.58%. Cherry Hill Mortgage Investment’s dividend payout ratio 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.