Wall Street analysts expect real estate investment firm Cherry Hill (NYSE: CHMI) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cherry Hill Mortgage Investment’s earnings. The highest estimate for EPS is $0.29, and the lowest estimate is $0.28. 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 expected to announce its next quarterly earnings results on Tuesday, March 8th.
On average, 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 calculations 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 earnings results on Tuesday, November 9th. The Real Estate Investment Trust reported earnings of $0.25 per share (EPS) for the quarter, topping Thomson Reuters’ 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 Investment from a “hold” rating to a “sell” rating in a report released on Monday, November 15th.
A number of institutional investors and hedge funds have recently modified their holdings of stocks. Invesco Ltd. raised. Its position in Cherry Hill Real Estate Investment increased 3.6% in the third quarter. Invesco Ltd. Now 54,792 shares of REIT stock are valued at $487,000 after purchasing an additional 1,914 shares during the last quarter. Royal Bank of Canada raised its position in shares of Cherry Hill Mortgage Investment by 10.1% during the second quarter. Royal Bank of Canada now owns 25,597 shares of REIT stock valued at $253,000 after purchasing an additional 2,343 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Cherry Hill Mortgage Investment by 14.4% during the second quarter. GSA Capital Partners LLP now owns 23,751 shares of REIT stock valued at $234,000 after purchasing an additional 2,994 shares during the last quarter. Sigma Investments Ltd raised its position in shares of Cherry Hill Mortgage Investments by 1.4% during the third quarter. Two Sigma Investments LP now owns 2,95,207 shares of REIT stock valued at $2,600,000 after purchasing an additional 4,080 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Cherry Hill Mortgage Investment by 5.2% during the third quarter. WINTON GROUP Ltd now owns 92,404 shares of REIT stock valued at $821,000 after purchasing an additional 4,588 shares during the last quarter. Institutional investors own 31.42% of the company’s stock.
Cherry Hill Mortgage Investment stock traded up $0.12 during midday Friday, reaching $8.64. The stock had a trading volume of 188,645 shares, compared to an average trading volume of 212,818 shares. Cherry Hill Mortgage Investment recorded a 52-week low of $7.83 and a 52-week high of $10.68. The company’s 50-day moving average is $8.83 and its 200-day moving average is $9.21. The company has a market capitalization of $154.71 million, a PE ratio of 30.86 and a beta of 1.19.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 25th. Investors of record on Friday, December 31st will receive a dividend of $0.27. The date of exclusion from these earnings is Thursday, December 30. This represents a dividend of $1.08 year-over-year and a return of 12.50%. Cherry Hill Mortgage Investment’s dividend yield is currently 385.73%.
About Investing in a Mortgage in Cherry Hill
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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