Cherry Hill Mortgage Investment (NYSE:CHMI) Share Price Passes Below 200 Day Moving Average - Here's Why

Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.60 and traded as low as $3.41. Cherry Hill Mortgage Investment shares last traded at $3.42, with a volume of 85,358 shares.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.

Cherry Hill Mortgage Investment Trading Down 0.4 %

The firm has a market cap of $101.92 million, a PE ratio of -6.65 and a beta of 1.46. The stock has a 50 day simple moving average of $3.53 and a 200-day simple moving average of $3.60.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. The firm had revenue of $13.68 million during the quarter. During the same quarter last year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 17.67%. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is -117.65%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHMI. Quadrature Capital Ltd purchased a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $98,000. Vanguard Group Inc. raised its stake in Cherry Hill Mortgage Investment by 2.7% in 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 buying an additional 36,039 shares in the last quarter. Forum Financial Management LP bought a new position in Cherry Hill Mortgage Investment in the second quarter worth approximately $1,038,000. Renaissance Technologies LLC raised its stake in Cherry Hill Mortgage Investment by 7.9% in the second 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 in the last quarter. Finally, Members Trust Co bought a new position in Cherry Hill Mortgage Investment in the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 18.49% of the company's stock.

About Cherry Hill Mortgage Investment

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.