Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Rating) – Stock analysts at B. Riley issued their Q3 2022 earnings per share estimates for shares of Cherry Hill Mortgage Investment in a note issued to investors on Tuesday, October 25th. B. Riley analyst M. Howlett expects that the real estate investment trust will post earnings per share of $0.29 for the quarter. B. Riley currently has a “Buy” rating and a $7.00 price target on the stock. B. Riley also issued estimates for Cherry Hill Mortgage Investment’s Q4 2022 earnings at $0.28 EPS, FY2022 earnings at $1.19 EPS, Q1 2023 earnings at $0.28 EPS, Q2 2023 earnings at $0.27 EPS, Q3 2023 earnings at $0.26 EPS, Q4 2023 earnings at $0.25 EPS and FY2023 earnings at $1.06 EPS.
Separately, StockNews.com initiated coverage on Cherry Hill Mortgage Investment in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Cherry Hill Mortgage Investment Price Performance
Shares of Cherry Hill Mortgage Investment stock opened at $5.31 on Thursday. The business’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $6.48. The stock has a market capitalization of $104.34 million, a P/E ratio of 15.17 and a beta of 1.20. Cherry Hill Mortgage Investment has a one year low of $4.58 and a one year high of $9.24.
Cherry Hill Mortgage Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Stockholders of record on Friday, September 30th were given a $0.27 dividend. The ex-dividend date was Thursday, September 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.34%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 308.58%.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Cherry Hill Mortgage Investment by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 837,384 shares of the real estate investment trust’s stock worth $5,359,000 after buying an additional 46,100 shares during the last quarter. Kore Private Wealth LLC boosted its position in shares of Cherry Hill Mortgage Investment by 46.8% during the second quarter. Kore Private Wealth LLC now owns 193,858 shares of the real estate investment trust’s stock valued at $1,241,000 after purchasing an additional 61,775 shares in the last quarter. LPL Financial LLC boosted its position in shares of Cherry Hill Mortgage Investment by 21.1% during the second quarter. LPL Financial LLC now owns 130,035 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 22,697 shares in the last quarter. Millennium Management LLC boosted its position in shares of Cherry Hill Mortgage Investment by 12.0% during the second quarter. Millennium Management LLC now owns 129,503 shares of the real estate investment trust’s stock valued at $829,000 after purchasing an additional 13,866 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Cherry Hill Mortgage Investment by 15.0% during the second quarter. State Street Corp now owns 59,782 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 7,800 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.
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 (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cherry Hill Mortgage Investment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cherry Hill Mortgage Investment wasn’t on the list.
While Cherry Hill Mortgage Investment currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
