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

Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.60 and traded as low as $3.27. Cherry Hill Mortgage Investment shares last traded at $3.33, with a volume of 195,981 shares trading hands.

Wall Street Analysts Forecast Growth

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

Cherry Hill Mortgage Investment Stock Up 0.8 %

The stock's 50-day moving average price is $3.51 and its 200 day moving average price is $3.60. The firm has a market capitalization of $100.92 million, a price-to-earnings ratio of -6.21 and a beta of 1.46.

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 EPS 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 business had revenue of $13.68 million during the quarter. During the same period last year, the business earned $0.16 EPS. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 17.88%. The ex-dividend date is Monday, September 30th. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is presently -111.11%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently made changes to their positions in CHMI. Forum Financial Management LP grew its holdings in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust's stock valued at $1,084,000 after purchasing an additional 12,600 shares in the last quarter. Members Trust Co acquired a new position in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $47,000. Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of Cherry Hill Mortgage Investment by 133.3% in the third 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 valued at $4,843,000 after purchasing an additional 36,039 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 valued at $1,843,000 after purchasing an additional 37,300 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.