Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.11 and traded as low as $2.66. Cherry Hill Mortgage Investment shares last traded at $2.70, with a volume of 300,941 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CHMI shares. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. B. Riley raised Cherry Hill Mortgage Investment to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities reissued a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Finally, Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a "buy" rating and a $4.00 target price on the stock.
Check Out Our Latest Analysis on CHMI
Cherry Hill Mortgage Investment Stock Up 1.3 %
The stock has a market capitalization of $85.86 million, a PE ratio of -1.79 and a beta of 1.05. The company's fifty day moving average price is $3.30 and its 200-day moving average price is $3.10.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. 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 $0.66 million during the quarter, compared to analysts' expectations of $1.50 million. Equities research analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 22.10%. The ex-dividend date is Monday, March 31st. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is 1,000.00%.
Insider Buying and Selling at Cherry Hill Mortgage Investment
In other news, Director Sharon L. Cook sold 13,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total transaction of $47,320.00. Following the sale, the director now owns 19,513 shares in the company, valued at $71,027.32. This represents a 39.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in shares of Cherry Hill Mortgage Investment in the third quarter worth $52,000. Geode Capital Management LLC increased its holdings in Cherry Hill Mortgage Investment by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust's stock worth $1,225,000 after buying an additional 23,947 shares in the last quarter. Root Financial Partners LLC purchased a new position in Cherry Hill Mortgage Investment in the 4th quarter worth about $32,000. Wolverine Asset Management LLC lifted its stake in Cherry Hill Mortgage Investment by 83.0% during the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust's stock valued at $885,000 after acquiring an additional 151,989 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 24.4% during the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust's stock valued at $1,634,000 after acquiring an additional 121,447 shares during the last quarter. 18.49% of the stock is owned by institutional investors.
About Cherry Hill Mortgage Investment
(
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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