Media coverage about Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0133009397746 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at 18.57 on Friday. The firm has a 50-day moving average price of $18.36 and a 200 day moving average price of $18.23. The firm has a market cap of $235.99 million, a price-to-earnings ratio of 3.15 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 1-year low of $16.00 and a 1-year high of $19.43.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $5.71 million for the quarter, compared to the consensus estimate of $4.79 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 138.90%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 10.55%. The ex-dividend date of this dividend is Thursday, September 28th. Cherry Hill Mortgage Investment Corporation’s payout ratio is presently 28.08%.
Several equities analysts have weighed in on CHMI shares. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, July 11th. ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, FBR & Co reissued a “buy” rating and issued a $19.50 target price on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $19.38.
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Cherry Hill Mortgage Investment Corporation Company Profile
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
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