Analysts Offer Predictions for Cherry Hill Mortgage Investment Corp’s Q2 2019 Earnings (CHMI)

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Equities research analysts at B. Riley lifted their Q2 2019 earnings per share estimates for Cherry Hill Mortgage Investment in a research note issued to investors on Friday, May 17th. B. Riley analyst T. Hayes now forecasts that the real estate investment trust will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.49. B. Riley also issued estimates for Cherry Hill Mortgage Investment’s Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.52 EPS, FY2019 earnings at $2.16 EPS, Q1 2020 earnings at $0.49 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.50 EPS and Q4 2020 earnings at $0.51 EPS.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. The company had revenue of $6.23 million during the quarter, compared to analysts’ expectations of $5.23 million. Cherry Hill Mortgage Investment had a negative net margin of 29.80% and a positive return on equity of 12.36%.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. ValuEngine cut shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, Wedbush set a $20.00 target price on shares of Cherry Hill Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.33.

Shares of Cherry Hill Mortgage Investment stock opened at $17.14 on Monday. The stock has a market capitalization of $286.05 million, a PE ratio of 7.62 and a beta of 0.34. Cherry Hill Mortgage Investment has a 52-week low of $16.30 and a 52-week high of $19.35.

Institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in Cherry Hill Mortgage Investment by 139.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,100 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 8,800 shares during the period. Metropolitan Life Insurance Co NY lifted its position in Cherry Hill Mortgage Investment by 34.7% during the first quarter. Metropolitan Life Insurance Co NY now owns 7,732 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 1,991 shares during the period. Goldman Sachs Group Inc. lifted its position in Cherry Hill Mortgage Investment by 155.1% during the first quarter. Goldman Sachs Group Inc. now owns 126,195 shares of the real estate investment trust’s stock worth $2,173,000 after purchasing an additional 76,730 shares during the period. Jefferies Group LLC bought a new stake in Cherry Hill Mortgage Investment during the first quarter worth about $209,000. Finally, Advantage Investment Management LLC lifted its position in Cherry Hill Mortgage Investment by 41.0% during the first quarter. Advantage Investment Management LLC now owns 13,974 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 4,061 shares during the period. 59.12% of the stock is owned by institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.44%. Cherry Hill Mortgage Investment’s payout ratio is presently 87.11%.

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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