Cherry Hill Mortgage Investment (CHMI) Expected to Announce Quarterly Earnings on Thursday

Cherry Hill Mortgage Investment (NYSE:CHMI) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $1.50 million for the quarter.

Cherry Hill Mortgage Investment Price Performance

NYSE CHMI opened at $3.59 on Thursday. Cherry Hill Mortgage Investment has a 1-year low of $2.50 and a 1-year high of $3.99. The company has a market cap of $113.53 million, a PE ratio of -2.36 and a beta of 1.40. The stock’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $3.19.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 16.71%. Cherry Hill Mortgage Investment’s payout ratio is -39.47%.

Wall Street Analysts Forecast Growth

CHMI has been the subject of several recent analyst reports. B. Riley raised Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. StockNews.com cut Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. Janney Montgomery Scott initiated coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They set a “buy” rating and a $4.00 target price for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd.

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.