Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Free Report) – Investment analysts at B. Riley dropped their Q2 2024 EPS estimates for Cherry Hill Mortgage Investment in a report released on Wednesday, July 10th. B. Riley analyst M. Howlett now expects that the real estate investment trust will earn $0.15 per share for the quarter, down from their prior estimate of $0.18. B. Riley currently has a “Buy” rating and a $5.00 price target on the stock. The consensus estimate for Cherry Hill Mortgage Investment’s current full-year earnings is $0.75 per share. B. Riley also issued estimates for Cherry Hill Mortgage Investment’s Q3 2024 earnings at $0.14 EPS, FY2024 earnings at $0.63 EPS, FY2025 earnings at $0.90 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.24 EPS and FY2026 earnings at $0.95 EPS.
Other equities research analysts also recently issued reports about the company. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 15th.
Get Our Latest Stock Report on CHMI
Cherry Hill Mortgage Investment Stock Up 0.4 %
Shares of CHMI stock opened at $3.66 on Thursday. The stock has a market cap of $109.72 million, a P/E ratio of -7.17 and a beta of 1.50. The company’s fifty day simple moving average is $3.68 and its two-hundred day simple moving average is $3.65. Cherry Hill Mortgage Investment has a 52 week low of $2.77 and a 52 week high of $4.55.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Cherry Hill Mortgage Investment by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock valued at $4,843,000 after buying an additional 36,039 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $98,000. Cannell Capital LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $2,516,000. Oxford Asset Management LLP bought a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter worth about $89,000. Finally, Jump Financial LLC bought a new position in Cherry Hill Mortgage Investment during the 4th quarter valued at about $171,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.
Cherry Hill Mortgage Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 16.42%. Cherry Hill Mortgage Investment’s payout ratio is currently -117.65%.
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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.
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