Cherry Hill Mortgage Investment Corp(NYSE:CHMI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $5.25M. Analysts estimated a revenue of $4.61M. Earnings per share were $0.53.
In a different note, On May 12, 2016, Citigroup said it Maintains its rating on Cherry Hill Mortgage Investment Corp. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm.
Cherry Hill Mortgage Investment Corp (CHMI) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.19% at a volume of 32,644. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.05. The peak price level was also seen at $16.05 while the days lowest was $15.95. Finally the shares closed at $15.99. The 52-week high of the shares is $17.1 while the 52-week low is $12.6. According to the latest information available, the market cap of the company is $120 M.
Several Insider Transactions has been reported to the SEC. On May 16, 2016, Martin Levine (CFO) purchased 1,000 shares at $14.72 per share price.Also, On May 16, 2016, Julian Evans (Chief Investment Officer) purchased 500 shares at $14.74 per share price.On May 14, 2015, Jay Lown (President and CIO) purchased 1,000 shares at $17.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Cherry Hill Mortgage Investment Corporation (CHMI) is a residential real estate finance company focused on acquiring investing in and managing residential mortgage assets in the United States. CHMI’s principal objective is to generate current yields and risk-adjusted total returns for its stockholders over the long term primarily through dividend distributions and secondarily through capital appreciation. The Company operates through two segments: investments in residential mortgage-backed securities (RMBS) and investments in Servicing Related Assets which includes mortgage servicing right (MSR) and Excess MSR an interest in an MSR. The Company manages a portfolio of Excess MSRs RMBS prime mortgage loans and other cashflowing residential mortgage assets. The Company is externally managed by Cherry Hill Mortgage Management LLC an investment adviser and an affiliate of Freedom Mortgage Corporation.