Media stories about Cherry Hill Mortgage Investment (NYSE:CHMI) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cherry Hill Mortgage Investment earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.7841636628705 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. FBR & Co restated a “buy” rating and set a $19.50 price target on shares of Cherry Hill Mortgage Investment in a report on Tuesday, October 10th. Finally, B. Riley restated a “buy” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Cherry Hill Mortgage Investment currently has a consensus rating of “Buy” and a consensus target price of $19.50.
Cherry Hill Mortgage Investment (NYSE:CHMI) traded up $0.07 during midday trading on Wednesday, hitting $16.57. 23,391 shares of the company traded hands, compared to its average volume of 132,904. Cherry Hill Mortgage Investment has a twelve month low of $16.01 and a twelve month high of $19.43. The company has a market capitalization of $206.85, a PE ratio of 2.46 and a beta of 0.27.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 11.83%. The ex-dividend date was Thursday, December 28th. Cherry Hill Mortgage Investment’s payout ratio is presently 29.04%.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cherry Hill Mortgage Investment (CHMI) Share Price” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2018/02/07/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-cherry-hill-mortgage-investment-chmi-share-price.html.
About Cherry Hill Mortgage Investment
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.
Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.