Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02, Bloomberg Earnings reports. The firm had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. Cherry Hill Mortgage Investment Corporation had a net margin of 155.62% and a return on equity of 9.35%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share.

Shares of Cherry Hill Mortgage Investment Corporation (CHMI) traded up 0.21% during mid-day trading on Tuesday, hitting $19.35. 82,465 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $18.86 and a 200-day moving average price of $18.14. Cherry Hill Mortgage Investment Corporation has a 52 week low of $15.52 and a 52 week high of $19.43. The company has a market capitalization of $245.75 million, a price-to-earnings ratio of 2.70 and a beta of 0.38.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, June 30th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.13%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is 27.45%.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, July 11th. Citigroup Inc. reissued a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a report on Sunday, May 14th. Finally, ValuEngine cut shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Cherry Hill Mortgage Investment Corporation has an average rating of “Buy” and an average target price of $19.00.

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About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

Earnings History for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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