Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.17 and traded as low as $2.60. Cherry Hill Mortgage Investment shares last traded at $2.67, with a volume of 722,761 shares.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Finally, Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a "buy" rating and a $4.00 target price for the company.
Check Out Our Latest Stock Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Stock Up 0.2 %
The company has a market capitalization of $77.64 million, a PE ratio of -1.62 and a beta of 1.05. The company's 50 day moving average is $3.36 and its two-hundred day moving average is $3.13.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The firm had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. Analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 24.44%. The ex-dividend date of this dividend is Monday, March 31st. Cherry Hill Mortgage Investment's payout ratio is 1,000.00%.
Insider Activity
In related news, Director Sharon L. Cook sold 13,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total value of $47,320.00. Following the sale, the director now owns 19,513 shares in the company, valued at approximately $71,027.32. The trade was a 39.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at about $32,000. Barclays PLC bought a new stake in Cherry Hill Mortgage Investment during the third quarter worth approximately $52,000. Geode Capital Management LLC raised its position in Cherry Hill Mortgage Investment by 7.6% during the third 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. Jane Street Group LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at approximately $68,000. Finally, Northern Trust Corp boosted its holdings in shares of Cherry Hill Mortgage Investment by 30.9% in the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust's stock worth $339,000 after purchasing an additional 30,330 shares during the period. 18.49% of the stock is owned by hedge funds and other 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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