Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.60 and traded as low as $3.39. Cherry Hill Mortgage Investment shares last traded at $3.40, with a volume of 110,582 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.
View Our Latest Research Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Price Performance
The stock's 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.60. The firm has a market cap of $102.37 million, a P/E ratio of -6.69 and a beta of 1.46.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.07). Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. The company had revenue of $13.68 million for the quarter. During the same period in the previous year, the business posted $0.16 earnings per share. Equities research analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 17.60%. The ex-dividend date is Monday, September 30th. Cherry Hill Mortgage Investment's dividend payout ratio is currently -117.65%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust's stock worth $1,843,000 after buying an additional 37,300 shares during the period. Forum Financial Management LP bought a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $1,038,000. Vanguard Group Inc. grew its position in shares of Cherry Hill Mortgage Investment by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust's stock worth $4,843,000 after purchasing an additional 36,039 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Cherry Hill Mortgage Investment during the 4th quarter valued at approximately $98,000. Institutional investors own 18.49% of the company's stock.
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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