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

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

Cherry Hill Mortgage Investment Price Performance

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

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date 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 -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.