Cherry Hill Mortgage Investment (NYSE:CHMI) Announces Quarterly Earnings Results

Cherry Hill Mortgage Investment (NYSE:CHMI) announced its earnings results on Thursday. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01), Yahoo Finance reports. The company had revenue of $12.79 million for the quarter, compared to analyst estimates of $3.11 million. Cherry Hill Mortgage Investment had a positive return on equity of 19.43% and a negative net margin of 72.66%. During the same quarter last year, the business posted $0.24 earnings per share.

Cherry Hill Mortgage Investment Price Performance

CHMI stock traded down $0.30 during midday trading on Friday, reaching $3.38. The company had a trading volume of 453,266 shares, compared to its average volume of 202,505. The company has a market capitalization of $91.19 million, a price-to-earnings ratio of -1.69 and a beta of 1.46. The stock has a 50 day moving average price of $3.73 and a 200-day moving average price of $3.73. Cherry Hill Mortgage Investment has a 1-year low of $2.77 and a 1-year high of $5.92.

Institutional Trading of Cherry Hill Mortgage Investment

Institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $118,000. Jane Street Group LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter worth approximately $105,000. Goldman Sachs Group Inc. acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter worth approximately $99,000. Quadrature Capital Ltd acquired a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter worth approximately $98,000. Finally, Marshall Wace LLP acquired a new position in shares of Cherry Hill Mortgage Investment during the third quarter worth approximately $87,000. 13.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Tuesday.

Cherry Hill Mortgage Investment Company Profile

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 (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.