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Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) declared a quarterly dividend on Wednesday, June 11th, AR Network reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.51 per share on Tuesday, July 29th. This represents a $2.04 dividend on an annualized basis and a yield of 10.54%.

CHMI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Cherry Hill Mortgage Investment Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, May 23rd. They now have a $20.20 price target on the stock. On a related note, 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. Finally, 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.30.

Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded up 0.10% on Wednesday, hitting $19.35. The stock had a trading volume of 33,772 shares. Cherry Hill Mortgage Investment Corp has a 52-week low of $17.13 and a 52-week high of $19.70. The stock’s 50-day moving average is $19.26 and its 200-day moving average is $18.55. The company has a market cap of $145.3 million and a P/E ratio of 6.64.

Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) last released its earnings data on Tuesday, May 13th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.02.

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.

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