Cherry Hill: 3Q Earnings Snapshot

November 8, 2018

FARMINGDALE, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Wednesday reported third-quarter net income of $27.5 million.

On a per-share basis, the Farmingdale, New Jersey-based company said it had profit of $1.62. Earnings, adjusted for investment gains, came to 55 cents per share.

The residential real estate finance company posted revenue of $15.3 million in the period. Its adjusted revenue was $6.1 million.

Cherry Hill shares have risen slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.40, a rise of 2.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMI at https://www.zacks.com/ap/CHMI

Update hourly