Wall Street brokerages expect Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cherry Hill Mortgage Investment’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.51. Cherry Hill Mortgage Investment reported earnings of $0.52 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is expected to report its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Cherry Hill Mortgage Investment will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.06. For the next financial year, analysts anticipate that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $2.02 to $2.10. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Cherry Hill Mortgage Investment.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Monday, March 18th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.15. The business had revenue of $6.57 million during the quarter, compared to analyst estimates of $5.17 million. Cherry Hill Mortgage Investment had a return on equity of 12.07% and a net margin of 64.66%.

CHMI has been the topic of several recent research reports. ValuEngine lowered Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Wedbush set a $20.00 target price on Cherry Hill Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Cherry Hill Mortgage Investment presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Several hedge funds have recently modified their holdings of CHMI. Synovus Financial Corp bought a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at about $56,000. Advisor Group Inc. increased its holdings in shares of Cherry Hill Mortgage Investment by 675.9% during the fourth quarter. Advisor Group Inc. now owns 4,182 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 3,643 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Cherry Hill Mortgage Investment by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,741 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 4,484 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $105,000. Finally, Bank of America Corp DE boosted its position in shares of Cherry Hill Mortgage Investment by 57.4% during the 4th quarter. Bank of America Corp DE now owns 11,337 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 4,136 shares in the last quarter. 59.65% of the stock is currently owned by institutional investors.

Shares of NYSE:CHMI traded up $0.13 during midday trading on Monday, hitting $17.44. 194,200 shares of the stock were exchanged, compared to its average volume of 187,460. Cherry Hill Mortgage Investment has a 52-week low of $16.30 and a 52-week high of $19.35. The firm has a market cap of $289.04 million, a price-to-earnings ratio of 7.75 and a beta of 0.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th will be paid 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 dividend yield of 11.24%. Cherry Hill Mortgage Investment’s dividend payout ratio is 87.11%.

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

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