Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cherry Hill Mortgage Investment Corporation (CHMI) Stock Price
Media stories about Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.7471904299247 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Cherry Hill Mortgage Investment Corporation (CHMI) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- A Fundamental Analysis Of Cherry Hill Mortgage Investment Corp. (seekingalpha.com)
- Comparing Redwood Trust (RWT) & Cherry Hill Mortgage Investment Corporation (CHMI) (americanbankingnews.com)
- Cherry Hill Mortgage Investment Corporation (CHMI) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
Cherry Hill Mortgage Investment Corporation (CHMI) traded down 0.4407% on Tuesday, hitting $18.2293. 44,023 shares of the company traded hands. The firm has a market capitalization of $231.66 million, a PE ratio of 3.0876 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 1-year low of $16.00 and a 1-year high of $19.43. The firm’s 50 day moving average price is $18.40 and its 200 day moving average price is $18.37.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 138.90%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.10 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Friday, September 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 10.70%. The ex-dividend date of this dividend was Thursday, September 28th. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is presently 28.08%.
Several equities research analysts have recently weighed in on CHMI shares. Zacks Investment Research cut Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. ValuEngine cut shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, FBR & Co restated a “buy” rating and issued a $19.50 price objective on shares of Cherry Hill Mortgage Investment Corporation in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.38.
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Cherry Hill Mortgage Investment Corporation Company Profile
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
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