MOORESTOWN, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported third-quarter earnings of $6.9 million.
On a per-share basis, the Moorestown, New Jersey-based company said it had net income of 49 cents. Earnings, adjusted for one-time items, came to 52 cents per share.
The residential real estate finance company posted revenue of $11.9 million in the period. Its adjusted revenue was $5.8 million.
Cherry Hill shares have dropped slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.95, an increase of 12 percent in the last 12 months.