Cherry Hill Mortgage Investment Corporation Declares Quarterly Dividend of $0.10 (NYSE:CHMI)

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Friday, December 12th. Investors of record on Wednesday, December 31st will be given a dividend of 0.10 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 15.7%. The ex-dividend date is Wednesday, December 31st.

Cherry Hill Mortgage Investment has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Cherry Hill Mortgage Investment has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cherry Hill Mortgage Investment to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 67.8%.

Cherry Hill Mortgage Investment Trading Down 1.0%

Cherry Hill Mortgage Investment stock traded down $0.03 during midday trading on Friday, hitting $2.55. The stock had a trading volume of 93,890 shares, compared to its average volume of 297,703. The business has a fifty day moving average price of $2.38 and a 200 day moving average price of $2.67. Cherry Hill Mortgage Investment has a 12 month low of $2.17 and a 12 month high of $3.68. The stock has a market cap of $93.50 million, a P/E ratio of 127.25 and a beta of 1.06.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%.The firm had revenue of $8.57 million during the quarter, compared to analyst estimates of $2.87 million. On average, equities analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Institutional Trading of Cherry Hill Mortgage Investment

Several large investors have recently added to or reduced their stakes in CHMI. Wealth Preservation Advisors LLC acquired a new position in Cherry Hill Mortgage Investment during the 1st quarter worth $33,000. Glenview Trust co acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter valued at $34,000. Banco BTG Pactual S.A. bought a new stake in shares of Cherry Hill Mortgage Investment during the first quarter valued at about $36,000. Envestnet Asset Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment during the second quarter valued at about $45,000. Finally, JPMorgan Chase & Co. lifted its holdings in Cherry Hill Mortgage Investment by 27,027.0% in the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 20,000 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.