Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cherry Hill Mortgage Inv (CHMI) Stock Price

Media coverage about Cherry Hill Mortgage Inv (NYSE:CHMI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cherry Hill Mortgage Inv earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.6944215883425 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of brokerages have commented on CHMI. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Inv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 13th. B. Riley set a $20.00 target price on shares of Cherry Hill Mortgage Inv and gave the stock a “buy” rating in a research note on Monday, March 19th. Finally, ValuEngine upgraded shares of Cherry Hill Mortgage Inv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Cherry Hill Mortgage Inv presently has an average rating of “Buy” and a consensus price target of $19.63.

CHMI stock traded down $0.06 during mid-day trading on Friday, reaching $17.43. The company had a trading volume of 14,280 shares, compared to its average volume of 107,995. The company has a market capitalization of $223.64, a P/E ratio of 7.85 and a beta of 0.22. Cherry Hill Mortgage Inv has a 12 month low of $16.01 and a 12 month high of $19.43.

Cherry Hill Mortgage Inv (NYSE:CHMI) last issued its earnings results on Friday, March 16th. The real estate investment trust reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $6.98 million for the quarter, compared to the consensus estimate of $5.84 million. Cherry Hill Mortgage Inv had a net margin of 113.50% and a return on equity of 9.83%. analysts expect that Cherry Hill Mortgage Inv will post 1.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Thursday, March 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.96 dividend on an annualized basis and a yield of 11.24%. Cherry Hill Mortgage Inv’s dividend payout ratio is currently 88.29%.

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Cherry Hill Mortgage Inv Company Profile

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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