Cherry Hill Mortgage Investment (CHMI) to Release Quarterly Earnings on Monday
Cherry Hill Mortgage Investment (NYSE:CHMI) is scheduled to release its earnings data after the market closes on Monday, March 18th. Analysts expect Cherry Hill Mortgage Investment to post earnings of $0.51 per share for the quarter.
Shares of CHMI stock opened at $18.23 on Friday. The company has a market cap of $305.02 million, a price-to-earnings ratio of 8.21 and a beta of 0.36. Cherry Hill Mortgage Investment has a 12-month low of $17.00 and a 12-month high of $19.35.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.96 dividend on an annualized basis and a yield of 10.75%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 88.29%.
In other news, President Jeffrey B. Lown bought 2,000 shares of the firm’s stock in a transaction dated Monday, December 31st. The shares were acquired at an average price of $17.42 per share, for a total transaction of $34,840.00. Following the completion of the transaction, the president now directly owns 9,350 shares in the company, valued at approximately $162,877. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Cherry Hill Mortgage Investment Company Profile
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.
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