Equities Analysts Issue Forecasts for Cherry Hill Mortgage Investment Corp’s Q3 2019 Earnings (NYSE:CHMI)

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Wedbush cut their Q3 2019 earnings per share estimates for Cherry Hill Mortgage Investment in a research note issued to investors on Friday, August 23rd, Zacks Investment Research reports. Wedbush analyst H. Coffey now anticipates that the real estate investment trust will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.50. Wedbush also issued estimates for Cherry Hill Mortgage Investment’s Q4 2019 earnings at $0.42 EPS, Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.43 EPS, Q3 2020 earnings at $0.43 EPS, Q4 2020 earnings at $0.45 EPS and FY2021 earnings at $2.00 EPS.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. Cherry Hill Mortgage Investment had a positive return on equity of 13.23% and a negative net margin of 89.15%. The company had revenue of $5.51 million for the quarter, compared to analyst estimates of $6.08 million.

Several other research firms have also weighed in on CHMI. ValuEngine lowered shares of Cherry Hill Mortgage Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 24th. Zacks Investment Research raised Cherry Hill Mortgage Investment from a “strong sell” rating to a “hold” rating in a report on Friday, August 9th. TheStreet lowered Cherry Hill Mortgage Investment from a “b-” rating to a “c” rating in a research note on Thursday, May 30th. Finally, JMP Securities lowered their target price on Cherry Hill Mortgage Investment from $20.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.33.

Shares of NYSE CHMI traded up $0.41 during midday trading on Monday, reaching $13.61. 317,300 shares of the company traded hands, compared to its average volume of 218,603. The firm has a market cap of $226.29 million, a PE ratio of 6.05 and a beta of 0.43. Cherry Hill Mortgage Investment has a 12 month low of $11.81 and a 12 month high of $19.35. The stock’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $16.22.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in Cherry Hill Mortgage Investment by 24.3% in the 1st quarter. SG Americas Securities LLC now owns 32,171 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 6,280 shares during the last quarter. Advantage Investment Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 16.7% in the 2nd quarter. Advantage Investment Management LLC now owns 16,311 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 2,337 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Cherry Hill Mortgage Investment by 534.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,344 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 2,817 shares during the period. Synovus Financial Corp grew its position in shares of Cherry Hill Mortgage Investment by 29.7% during the 1st quarter. Synovus Financial Corp now owns 4,166 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 955 shares during the period. Finally, Menta Capital LLC raised its stake in shares of Cherry Hill Mortgage Investment by 42.6% during the first quarter. Menta Capital LLC now owns 41,862 shares of the real estate investment trust’s stock worth $721,000 after buying an additional 12,504 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

The business also recently announced a 0.49000 dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 15.4%. Cherry Hill Mortgage Investment’s 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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