Cherry Hill Mortgage Investment Corp (CHMI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) issued its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.02, Analyst Ratings News reports.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded down 0.05% on Tuesday, hitting $19.44. The stock had a trading volume of 47,884 shares. Cherry Hill Mortgage Investment Corp has a 52 week low of $17.13 and a 52 week high of $19.69. The stock has a 50-day moving average of $19.00 and a 200-day moving average of $18.33. The company has a market cap of $146.0 million and a price-to-earnings ratio of 1.56.
A number of research firms have recently commented on CHMI. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Cherry Hill Mortgage Investment Corp in a research note on Tuesday, April 1st. They now have a $21.00 price target on the stock, up previously from $20.00. Analysts at Barclays raised their price target on shares of Cherry Hill Mortgage Investment Corp from $22.00 to $24.00 in a research note on Wednesday, March 26th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Cherry Hill Mortgage Investment Corp has an average rating of “Buy” and an average target price of $21.67.
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company focuses to acquire, invest in and manage residential mortgage assets in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.