B. Riley Comments on Cherry Hill Mortgage Investment Corp’s Q3 2018 Earnings (CHMI)

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Analysts at B. Riley upped their Q3 2018 EPS estimates for shares of Cherry Hill Mortgage Investment in a research note issued to investors on Friday, August 10th. B. Riley analyst T. Hayes now anticipates that the real estate investment trust will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.49. B. Riley has a “Buy” rating and a $19.00 price target on the stock.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). The company had revenue of $4.70 million for the quarter, compared to analysts’ expectations of $4.48 million. Cherry Hill Mortgage Investment had a net margin of 147.31% and a return on equity of 10.42%.



Several other analysts have also recently weighed in on CHMI. ValuEngine cut shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, May 11th. Finally, Wedbush upgraded shares of Cherry Hill Mortgage Investment from a “neutral” rating to an “outperform” rating in a research report on Monday, June 18th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.83.

Cherry Hill Mortgage Investment stock opened at $18.11 on Monday. The firm has a market cap of $284.58 million, a PE ratio of 8.13 and a beta of 0.23. Cherry Hill Mortgage Investment has a fifty-two week low of $16.01 and a fifty-two week high of $19.20.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 10.82%. The ex-dividend date was Thursday, June 28th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 88.29%.

Several institutional investors have recently bought and sold shares of CHMI. Wolverine Asset Management LLC raised its position in Cherry Hill Mortgage Investment by 22.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 292,278 shares of the real estate investment trust’s stock worth $5,220,000 after purchasing an additional 54,116 shares during the period. Cannell Capital LLC raised its position in Cherry Hill Mortgage Investment by 97.8% in the 2nd quarter. Cannell Capital LLC now owns 57,121 shares of the real estate investment trust’s stock worth $1,020,000 after purchasing an additional 28,248 shares during the period. Renaissance Technologies LLC raised its position in Cherry Hill Mortgage Investment by 21.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the real estate investment trust’s stock worth $21,230,000 after purchasing an additional 212,200 shares during the period. United Services Automobile Association raised its position in Cherry Hill Mortgage Investment by 68.5% in the 2nd quarter. United Services Automobile Association now owns 119,326 shares of the real estate investment trust’s stock worth $2,131,000 after purchasing an additional 48,500 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Cherry Hill Mortgage Investment in the 2nd quarter worth $264,000. Hedge funds and other institutional investors own 41.91% of the company’s stock.

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. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

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Earnings History and Estimates for Cherry Hill Mortgage Investment (NYSE:CHMI)

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