Overview
Real estate finance firm's Q4 GAAP net income was $5.3 mln
Earnings available for distribution in Q4 were $3.9 mln
Company declared a $0.10 per share dividend for Q4
Outlook
Company did not provide specific guidance for future periods
Result Drivers
NET SERVICING INCOME - Cherry Hill reported net servicing income of $8.1 mln, contributing significantly to Q4 results
PORTFOLIO PERFORMANCE - Diversified RMBS and MSR portfolio performed well, supporting book value growth, per CEO Jay Lown
RISK MANAGEMENT - Co used interest rate swaps and other instruments to mitigate duration and interest rate risks
Company press release: ID:nBw9Z4zTRa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | $0.14 | ||
Q4 Net Income | $5.30 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Cherry Hill Mortgage Investment Corp is $3.00, about 15.4% above its February 24 closing price of $2.60
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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