Cherry Hill Mortgage Investment Corporation (CHMI) Earning Somewhat Favorable News Coverage, Analysis Finds
News articles about Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cherry Hill Mortgage Investment Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.4691710279345 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
CHMI has been the subject of a number of analyst reports. Citigroup Inc. restated a “buy” rating and set a $19.00 price target (down previously from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Sunday, May 14th. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, July 11th. Finally, ValuEngine cut shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.00.
Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at 18.48 on Friday. The company has a market cap of $234.84 million, a PE ratio of 3.13 and a beta of 0.38. The stock has a 50 day moving average of $18.87 and a 200-day moving average of $18.22. Cherry Hill Mortgage Investment Corporation has a 1-year low of $15.97 and a 1-year high of $19.43.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The firm had revenue of $5.71 million for the quarter, compared to analyst estimates of $4.79 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.19 earnings per share for the current year.
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Cherry Hill Mortgage Investment Corporation 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.
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