Cherry Hill Mortgage Investment (NYSE:CHMI) Announces Earnings Results

Cherry Hill Mortgage Investment (NYSE:CHMI) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. Cherry Hill Mortgage Investment had a positive return on equity of 15.04% and a negative net margin of 60.97%. The company had revenue of $14.33 million for the quarter. During the same period last year, the firm earned $0.16 earnings per share.

Cherry Hill Mortgage Investment Trading Down 0.3 %

Shares of Cherry Hill Mortgage Investment stock traded down $0.01 during mid-day trading on Thursday, hitting $2.85. 277,119 shares of the stock were exchanged, compared to its average volume of 197,932. The stock has a market capitalization of $85.73 million, a price-to-earnings ratio of -1.88 and a beta of 1.47. Cherry Hill Mortgage Investment has a twelve month low of $2.76 and a twelve month high of $4.39. The company has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $3.59.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 21.05%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment’s payout ratio is -39.47%.

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.