Mortgage

Analysts Expect Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Will Announce Earnings of $0.29 Per Share

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Wall Street analysts expect Cherry Hill Mortgage Investment Co. (NYSE:CHMI) to report earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Cherry Hill Mortgage Investment. The lowest EPS estimate is $0.28 and the highest is $0.29. Cherry Hill Mortgage Investment reported earnings of $0.37 per share during the same quarter last year, indicating a negative annual growth rate of 21.6%. The company is scheduled to announce its next earnings results on Tuesday, March 8th.

According to Zacks, analysts expect Cherry Hill Mortgage Investment to report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.07. For the next fiscal year, analysts expect the company to report earnings of $1.41 per share, with EPS estimates ranging from $1.22 to $1.60. Zacks earnings per share averages are an average based on a survey of sell-side research firms that track Cherry Hill Mortgage Investment.

Cherry Hill Real Estate Investment Corporation (NYSE: CHMI) released its latest earnings results on Tuesday, November 9th. The REIT reported $0.25 earnings per share for the quarter, below the Zacks consensus estimate of $0.30 ($0.05). Cherry Hill Mortgage Investment had a return on equity of 16.29% and a net margin of 52.23%. During the same quarter in the previous year, the company reported earnings of $0.48 per share.

Separately, Zacks Investment Research lowered shares of Cherry Hill Mortgage Investments from a “buy” rating to a “hold” rating in a research report released on Tuesday.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd raised its position in Cherry Hill Mortgage Investment Investment by 10.0% during the second quarter. WINTON GROUP Ltd now owns 87,816 shares of REIT stock valued at $866,000 after acquiring an additional 8,018 shares during the last quarter. Citigroup Inc raised its Cherry Hill real estate investment position by 714.5% during the second quarter. Citigroup now owns 23,042 shares of REIT stock valued at $227,000 after acquiring an additional 20,213 shares during the last quarter. Susquehanna Core Investments LLC raised its position in Cherry Hill Real Estate Investment by 55.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 74,494 shares of REIT stock valued at $735,000 after acquiring an additional 26,464 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Cherry Hill Mortgage Investment during the second quarter valued at approximately $156,000. Finally, Ergoteles LLC purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth approximately $442,000. 27.98% of the shares are owned by hedge funds and other institutional investors.

Shares of CHMI traded down $0.05 during mid-day trading on Friday, reaching $8.35. The company’s stock traded volume was 168,944 shares, compared to an average trading volume of 120,274. The company’s 50-day moving average is $8.63 and its 200-day moving average is $9.01. Cherry Hill Mortgage Investment recorded a 52-week low of $7.83 and a 52-week high of $10.68. The company has a market capitalization of $149.52 million, a price-earnings ratio of 29.82 and a beta of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 25th. Shareholders of record on Friday, December 31st will receive a dividend of $0.27. The date of exclusion from these earnings is Thursday, December 30th. This represents an annual dividend of $1.08 and a dividend yield of 12.93%. Cherry Hill’s real estate investment payout ratio is currently 385.73%.

Cherry Hill Real Estate Investment Company

Cherry Hill Mortgage Investment Corp. It is a real estate finance company that acquires, invests in and manages a set of excess mortgage servicing rights. The Company operates through the following segments: investments in RMBS, investments in related asset servicing and all other segments. It also invests in agency residential mortgage-backed securities, mega-mortgage loans and other residential mortgage assets.

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