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

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Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Analysts at B. Riley decreased their Q3 2019 EPS estimates for Cherry Hill Mortgage Investment in a research note issued on Friday, August 9th. B. Riley analyst T. Hayes now anticipates that the real estate investment trust will post earnings per share of $0.42 for the quarter, down from their prior forecast of $0.50. B. Riley also issued estimates for Cherry Hill Mortgage Investment’s Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $1.96 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.45 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $1.80 EPS.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $5.51 million during the quarter, compared to analyst estimates of $6.08 million. Cherry Hill Mortgage Investment had a negative net margin of 89.15% and a positive return on equity of 13.05%.

Several other brokerages have also weighed in on CHMI. Zacks Investment Research raised shares of Cherry Hill Mortgage Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, August 9th. TheStreet lowered shares of Cherry Hill Mortgage Investment from a “b-” rating to a “c” rating in a research note on Thursday, May 30th. Finally, ValuEngine lowered shares of Cherry Hill Mortgage Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th.

Shares of CHMI stock opened at $13.81 on Monday. The stock has a market capitalization of $238.71 million, a price-to-earnings ratio of 6.14 and a beta of 0.35. The stock’s 50-day moving average is $15.51. Cherry Hill Mortgage Investment has a 1-year low of $13.71 and a 1-year high of $19.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Friday, June 28th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 14.19%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently 87.11%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Cherry Hill Mortgage Investment by 24.3% during the first 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 in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Cherry Hill Mortgage Investment by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,741 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,484 shares in the last quarter. Millennium Management LLC lifted its position in shares of Cherry Hill Mortgage Investment by 21.6% during the fourth quarter. Millennium Management LLC now owns 223,336 shares of the real estate investment trust’s stock worth $3,917,000 after purchasing an additional 39,682 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cherry Hill Mortgage Investment by 9.0% during the fourth quarter. Bank of New York Mellon Corp now owns 111,172 shares of the real estate investment trust’s stock worth $1,950,000 after purchasing an additional 9,139 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Cherry Hill Mortgage Investment by 534.5% during the first quarter. BNP Paribas Arbitrage SA now owns 3,344 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,817 shares in the last quarter. 59.00% 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. 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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