Cherry Hill Mortgage Investment Corporation (NYSE:CHMI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.59 and traded as low as $2.57. Cherry Hill Mortgage Investment shares last traded at $2.5850, with a volume of 105,009 shares trading hands.
Analyst Ratings Changes
A number of research firms recently commented on CHMI. Wall Street Zen lowered shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Citizens Jmp cut shares of Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Cherry Hill Mortgage Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Finally, B. Riley Financial lowered shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.00.
Check Out Our Latest Research Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Stock Performance
The stock has a market capitalization of $95.52 million, a price-to-earnings ratio of 129.31 and a beta of 1.02. The company has a fifty day simple moving average of $2.72 and a two-hundred day simple moving average of $2.59.
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Cherry Hill Mortgage Investment had a return on equity of 24.21% and a net margin of 17.18%. The company had revenue of $6.56 million for the quarter, compared to analyst estimates of $11.20 million. As a group, equities analysts anticipate that Cherry Hill Mortgage Investment Corporation will post 0.59 earnings per share for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.40 annualized dividend and a yield of 15.5%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 2,000.00%.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
A number of large investors have recently bought and sold shares of CHMI. Glenview Trust Co bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at about $29,000. Gables Capital Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $46,000. Money Concepts Capital Corp acquired a new stake in shares of Cherry Hill Mortgage Investment during the 1st quarter worth approximately $68,000. Corient Private Wealth LP bought a new position in Cherry Hill Mortgage Investment in the second quarter valued at approximately $397,000. Finally, BlackRock Inc. bought a new position in Cherry Hill Mortgage Investment in the second quarter valued at approximately $1,104,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a real estate investment trust focused on residential mortgage assets. The company seeks to generate income primarily by investing in and managing mortgage-related investments rather than originating conventional consumer loans.
Its investment portfolio has included agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, mortgage servicing rights and other assets associated with the U.S.
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