Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.25 and traded as low as $2.95. Cherry Hill Mortgage Investment shares last traded at $3.00, with a volume of 263,694 shares traded.
Analyst Ratings Changes
A number of equities analysts recently issued reports on CHMI shares. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. StockNews.com cut shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price objective for the company.
View Our Latest Stock Analysis on CHMI
Cherry Hill Mortgage Investment Trading Down 0.2 %
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The firm had revenue of $14.33 million during the quarter. During the same period in the previous year, the company earned $0.16 EPS. On average, analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 20.03%. The ex-dividend date of this dividend is Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.
Institutional Trading of Cherry Hill Mortgage Investment
Several large investors have recently bought and sold shares of the stock. Forum Financial Management LP boosted its position in Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after buying an additional 12,600 shares during the last quarter. Members Trust Co acquired a new position in Cherry Hill Mortgage Investment during the third quarter valued at $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment in the third quarter valued at $49,000. Barclays PLC acquired a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth about $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Cherry Hill Mortgage Investment by 133.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Cherry Hill Mortgage Investment
- How to Find Undervalued Stocks
- SAP’s Strong Momentum: A Bullish Setup for Investors
- How to Plot Fibonacci Price Inflection Levels
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- How to Invest in Insurance Companies: A Guide
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.