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

Cherry Hill Mortgage Investment (NYSE:CHMI) released its earnings results on Tuesday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $14.33 million for the quarter. During the same quarter in the prior year, the business posted $0.16 earnings per share.

Cherry Hill Mortgage Investment Stock Performance

Shares of CHMI traded down $0.01 during mid-day trading on Thursday, reaching $2.85. The company had a trading volume of 234,599 shares, compared to its average volume of 197,739. The company has a market capitalization of $85.73 million, a price-to-earnings ratio of -1.88 and a beta of 1.47. The company’s 50 day simple moving average is $3.45 and its 200 day simple moving average is $3.59. Cherry Hill Mortgage Investment has a 1-year low of $2.76 and a 1-year high of $4.39.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 21.05%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -39.47%.

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.