Cherry Hill Mortgage Investment (CHMI) Projected to Post Quarterly Earnings on Thursday

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

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI opened at $3.41 on Tuesday. The firm’s 50 day moving average is $3.14 and its 200-day moving average is $3.19. The stock has a market capitalization of $107.68 million, a P/E ratio of -2.24 and a beta of 1.40. Cherry Hill Mortgage Investment has a 12-month low of $2.50 and a 12-month high of $3.99.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 17.62%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -39.47%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Janney Montgomery Scott began coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd.

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.