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Cherry Hill posts 4Q profit

MOORESTOWN, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported fourth-quarter net income of $26.2 million.

The Moorestown, New Jersey-based company said it had profit of $3.48 per share. Earnings, adjusted for non-recurring gains, were 51 cents per share.

The residential real estate finance company posted revenue of $11.2 million in the period. Its adjusted revenue was $8.9 million.

Cherry Hill shares have decreased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.16, a climb of 26 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


Keywords: Cherry Hill Mortgage, Earnings Report