Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Below 200 Day Moving Average of $3.63

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.63 and traded as low as $3.19. Cherry Hill Mortgage Investment shares last traded at $3.20, with a volume of 176,292 shares traded.

Analyst Ratings Changes

CHMI has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $5.00 target price (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a report on Thursday, March 21st. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 15th.

Cherry Hill Mortgage Investment Price Performance

The stock has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $3.63. The company has a market cap of $96.06 million, a P/E ratio of -1.88 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $12.79 million for the quarter, compared to the consensus estimate of $3.11 million. Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. During the same period last year, the firm posted $0.24 EPS. As a group, analysts forecast 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 will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 18.75%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -35.29%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cannell Capital LLC acquired a new position in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $2,516,000. CI Private Wealth LLC purchased a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter valued at $1,566,000. Significant Wealth Partners LLC bought a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth $840,000. Vanguard Group Inc. boosted its holdings in Cherry Hill Mortgage Investment by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 1,332,045 shares of the real estate investment trust’s stock worth $5,381,000 after purchasing an additional 203,467 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment in the third quarter worth $685,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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