Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.38 and traded as high as $2.49. Cherry Hill Mortgage Investment shares last traded at $2.46, with a volume of 162,264 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on CHMI shares. Wall Street Zen cut Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Janney Montgomery Scott lowered Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research note on Monday, October 13th. Citizens Jmp upgraded shares of Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 target price for the company in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cherry Hill Mortgage Investment presently has an average rating of “Hold” and an average target price of $3.38.

Cherry Hill Mortgage Investment Stock Performance

The company has a 50 day moving average of $2.38 and a two-hundred day moving average of $2.67. The stock has a market capitalization of $90.38 million, a PE ratio of 123.00 and a beta of 1.05.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%. The business had revenue of $8.57 million during the quarter, compared to analysts’ expectations of $2.87 million. As a group, research analysts predict that Cherry Hill Mortgage Investment Corporation will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 16.3%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 2,000.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the first quarter worth $33,000. Banco BTG Pactual S.A. acquired a new position in shares of Cherry Hill Mortgage Investment in the 1st quarter valued at $36,000. Glenview Trust co purchased a new position in Cherry Hill Mortgage Investment in the 2nd quarter worth $34,000. Envestnet Asset Management Inc. acquired a new stake in Cherry Hill Mortgage Investment during the 2nd quarter worth about $45,000. Finally, JPMorgan Chase & Co. grew its stake in Cherry Hill Mortgage Investment by 27,027.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 20,000 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.