Cherry Hill Mortgage Investment (NYSE:CHMI) Share Price Passes Below 200 Day Moving Average of $3.64

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.64 and traded as low as $3.51. Cherry Hill Mortgage Investment shares last traded at $3.54, with a volume of 164,238 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $5.00 target price (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a research note on Thursday, March 21st. StockNews.com raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 15th.

Cherry Hill Mortgage Investment Stock Up 0.4 %

The firm has a market capitalization of $106.12 million, a PE ratio of -6.93 and a beta of 1.45. The firm’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.64.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. The company had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $3.11 million. During the same period in the previous year, the firm earned $0.24 earnings per share. As a group, analysts predict that Cherry Hill Mortgage Investment Co. will post 0.75 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 16.97%. Cherry Hill Mortgage Investment’s payout ratio is -117.65%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Cannell Capital LLC purchased a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $2,516,000. GSA Capital Partners LLP increased its holdings in Cherry Hill Mortgage Investment by 117.2% during the third quarter. GSA Capital Partners LLP now owns 279,023 shares of the real estate investment trust’s stock valued at $1,038,000 after buying an additional 150,546 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $840,000. Wolverine Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment during the third quarter valued at approximately $685,000. Finally, Penserra Capital Management LLC increased its holdings in Cherry Hill Mortgage Investment by 14.5% during the third quarter. Penserra Capital Management LLC now owns 95,693 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 12,084 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.