Cherry Hill Mortgage Investment (NYSE:CHMI) Posts Earnings Results, Misses Estimates By $0.06 EPS

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

Cherry Hill Mortgage Investment Price Performance

Shares of NYSE:CHMI traded down $0.01 during mid-day trading on Thursday, hitting $2.85. The company had a trading volume of 234,599 shares, compared to its average volume of 197,739. Cherry Hill Mortgage Investment has a one year low of $2.76 and a one year high of $4.39. The firm has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.59. The company has a market capitalization of $85.73 million, a PE ratio of -1.88 and a beta of 1.47.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 21.05%. The ex-dividend date of this dividend was Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) 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.