Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Investment analysts at B. Riley decreased their Q1 2018 earnings per share estimates for shares of Cherry Hill Mortgage Investment in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.50. B. Riley currently has a “Buy” rating and a $19.50 target price on the stock.

Other equities research analysts have also issued reports about the stock. FBR & Co restated a “buy” rating and set a $19.50 target price on shares of Cherry Hill Mortgage Investment in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Cherry Hill Mortgage Investment currently has an average rating of “Buy” and an average target price of $19.50.

Cherry Hill Mortgage Investment (CHMI) opened at $17.62 on Monday. The firm has a market cap of $224.15, a price-to-earnings ratio of 2.61 and a beta of 0.37. Cherry Hill Mortgage Investment has a 1 year low of $16.40 and a 1 year high of $19.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Cherry Hill Mortgage Investment had a net margin of 136.70% and a return on equity of 9.49%. The firm had revenue of $5.84 million for the quarter, compared to analyst estimates of $5.55 million. During the same period last year, the firm posted $0.54 EPS.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.96 annualized dividend and a dividend yield of 11.12%. Cherry Hill Mortgage Investment’s payout ratio is currently 29.04%.

Large investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. raised its stake in shares of Cherry Hill Mortgage Investment by 19.4% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 1,510 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Cherry Hill Mortgage Investment by 3,023.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,056 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 9,734 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cherry Hill Mortgage Investment by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 10,928 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 100 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth $229,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth $233,000. 58.00% of the stock is owned by institutional investors and hedge funds.

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Cherry Hill Mortgage Investment Company Profile

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 and Estimates for Cherry Hill Mortgage Investment (NYSE:CHMI)

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