Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 908,800 shares, a growth of 94.5% from the December 31st total of 467,300 shares. Based on an average trading volume of 314,800 shares, the short-interest ratio is presently 2.9 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. StockNews.com downgraded Cherry Hill Mortgage Investment from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. B. Riley raised Cherry Hill Mortgage Investment to a "strong-buy" rating in a research note on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They set a "buy" rating and a $4.00 price objective for the company. Finally, JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd.
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Cherry Hill Mortgage Investment Price Performance
Shares of CHMI traded up $0.04 on Friday, hitting $3.28. The company's stock had a trading volume of 412,397 shares, compared to its average volume of 289,338. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $3.22. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $3.99. The company has a market capitalization of $103.56 million, a PE ratio of -2.15 and a beta of 1.38.
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 the consensus estimate 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 business had revenue of $14.33 million for the quarter. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, equities analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 18.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Cherry Hill Mortgage Investment's dividend payout ratio is presently -39.47%.
Institutional Trading of Cherry Hill Mortgage Investment
Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in Cherry Hill Mortgage Investment during the 3rd quarter worth $665,000. Penserra Capital Management LLC increased its position in Cherry Hill Mortgage Investment by 22.9% in the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust's stock worth $964,000 after purchasing an additional 49,600 shares during the period. Renaissance Technologies LLC raised its holdings in Cherry Hill Mortgage Investment by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust's stock worth $1,843,000 after purchasing an additional 37,300 shares during the last quarter. Geode Capital Management LLC lifted its position in Cherry Hill Mortgage Investment by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust's stock valued at $1,225,000 after purchasing an additional 23,947 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Cherry Hill Mortgage Investment by 133.3% in 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 purchasing an additional 16,000 shares during the last quarter. 18.49% of the stock is owned by institutional investors.
Cherry Hill Mortgage Investment Company Profile
(
Get Free Report)
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.
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