Cherry Hill Mortgage Investment Co. (NYSE: CHMI) plans a $ 0.27 quarterly dividend

Cherry Hill Mortgage Investment Co. (NYSE: CHMI – Get Rating) announced a quarterly dividend on Friday, June 17, Zacks reported. The record shareholders on Thursday, June 30, will receive a dividend of 0.27 per share from the real estate investment trust on Tuesday, July 26. This represents a $ 1.08 annual dividend and a yield of 16.93%. The date of the former dividend is Wednesday, June 29.

Cherry Hill Mortgage Investment has reduced its dividend by an average of 20.0% per year for the past three years. Cherry Hill Mortgage Investment has a payout ratio of 91.5%, which means that its dividend is currently covered by profits, but may not be in the future if the company’s profits fall. Share analysts expect Cherry Hill Mortgage Investment to earn $ 1.18 per share next year, which means the company should continue to be able to cover its annual dividend of $ 1.08 with an expected future payout ratio of 91.5%.

Shares of Cherry Hill Mortgage Investment opened at $ 6.38 on Friday. The business has a 50-day moving average price of $ 6.86 and a two-hundred-day moving average price of $ 7.63. The shares have a market capitalization of $ 120.52 million, a price / earnings ratio of $ 13.87 and a beta of 1.18. Cherry Hill Mortgage Investment has a 12-month low of $ 6.06 and a 12-month high of $ 10.61.

Cherry Hill Mortgage Investment (NYSE: CHMI – Get Rating) last released its quarterly earnings data on Monday, May 9th. The real estate investment trust reported earnings of $ 0.34 per share for the quarter, beating the consensus estimate of $ 0.33 by $ 0.01. Cherry Hill Mortgage Investment has a return on equity of 19.85% and a net profit of 83.63%. In the same period last year, the company reported $ 0.21 EPS. As a group, sales analysts expect Cherry Hill Mortgage Investment to report 1.16 earnings per share for the current year.

(Advertising)

This guide will help you identify and implement an options trading strategy that meets your specific needs and risk profile.

Take your trading to the next level with the Options Strategies Guide.

A number of institutional investors have recently changed their holdings in the shares. Morgan Stanley increased its stake in Cherry Hill Mortgage Investment by 398.2% in the second quarter. Morgan Stanley now owns 34,321 shares of the $ 338,000 real estate investment trust after buying an additional 27,432 shares during the period. Goldman Sachs Group Inc. increased its stake in Cherry Hill Mortgage Investment by 83.5% in the third quarter. Goldman Sachs Group Inc. already owns 22,170 shares of real estate investment trust shares worth $ 197,000 after purchasing an additional 10,089 shares during the period. Invesco Ltd. increased its stake in Cherry Hill Mortgage Investment by 3.6% in the third quarter. Invesco Ltd. now owns 54,792 shares of real estate investment trust shares worth $ 487,000 after purchasing an additional 1,914 shares during the period. Bank of New York Mellon Corp. increased its stake in Cherry Hill Mortgage Investment by 62.9% in the third quarter. Bank of New York Mellon Corp already owns 16,607 shares of the $ 147,000 real estate investment trust after gaining an additional 6,412 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Cherry Hill Mortgage Investment by 5.6% in the 4th quarter. Citigroup Inc. already owns 53,123 shares of real estate investment trust shares worth $ 439,000 after acquiring an additional 2,813 shares in the last quarter. 25.04% of the shares are currently owned by institutional investors and hedge funds.

Separately, StockNews.com began covering Cherry Hill Mortgage Investment in a research report on Thursday, March 31st. They set a “hold” rating on the shares.

Profile of the Cherry Hill Mortgage Investment Company (Get an estimate)

Cherry Hill Mortgage Investment Corporation, a residential real estate financing company, acquires, invests and manages residential mortgage assets in the United States. The company operates through investments in RMBS (securities secured by housing mortgages), investments in servicing related assets and all other segments.

Presented stories

History of Cherry Hill Mortgage Dividends (NYSE: CHMI)

This instant news alert is generated by narrative scientific technology and financial data from MarketBeat to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Do you need to invest $ 1,000 in Cherry Hill Mortgage Investment right now?

Before you consider a mortgage investment in Cherry Hill, you will want to hear this.

MarketBeat monitors the highest rated and performing Wall Street analysts and promotions they recommend to their customers on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their customers to buy now, before the wider market catches on … and Cherry Hill Mortgage Investment was not on the list.

While Cherry Hill Mortgage Investment currently has a “Hold” rating among analysts, analysts with the highest rating believe that these five stocks are better purchases.

See the 5 shares here

Leave a Comment

Your email address will not be published.