Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 305,200 shares, a decrease of 32.3% from the February 13th total of 450,700 shares. Based on an average daily volume of 327,600 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the company's shares are sold short.
Analyst Ratings Changes
CHMI has been the subject of a number of research analyst reports. B. Riley upgraded Cherry Hill Mortgage Investment to a "strong-buy" rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a "buy" rating and a $4.00 target price on the stock. JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research note on Friday, March 7th.
View Our Latest Research Report on CHMI
Cherry Hill Mortgage Investment Stock Performance
Shares of NYSE CHMI traded down $0.00 during midday trading on Wednesday, hitting $3.61. 338,193 shares of the stock traded hands, compared to its average volume of 238,174. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $3.99. The business has a 50 day moving average price of $3.32 and a two-hundred day moving average price of $3.19. The company has a market cap of $114.07 million, a PE ratio of -2.37 and a beta of 1.43.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The business had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.50 million. As a group, equities research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.
Cherry Hill Mortgage Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.63%. Cherry Hill Mortgage Investment's dividend payout ratio is presently 1,000.00%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter worth approximately $68,000. Northern Trust Corp raised its position in 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 valued at $339,000 after buying an additional 30,330 shares during the last quarter. Virtu Financial LLC purchased a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at $130,000. Corient Private Wealth LLC lifted its stake in 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 in the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings 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 worth $885,000 after acquiring an additional 151,989 shares during the last quarter. Institutional investors and hedge funds 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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