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

Key Points

• Cherry Hill Mortgage Investment's share price fell below its 200-day moving average of $3.00, trading at $2.90 with a market cap of $104.34 million.
• In its recent earnings report, the company posted an EPS of $0.10, missing analysts' expectations of $0.12, despite generating revenue significantly above forecasts at $6.04 million.
• The company announced a quarterly dividend of $0.15 per share, representing a remarkable annual yield of 20.7%, though its dividend payout ratio stands at -115.38%.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.00 and traded as low as $2.87. Cherry Hill Mortgage Investment shares last traded at $2.90, with a volume of 206,767 shares changing hands.

Cherry Hill Mortgage Investment Trading Up 0.9%

The firm has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.98. The stock has a market cap of $106.14 million, a price-to-earnings ratio of -5.66 and a beta of 0.98.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Cherry Hill Mortgage Investment had a negative net margin of 14.28% and a positive return on equity of 15.55%. The company had revenue of $6.04 million during the quarter, compared to the consensus estimate of $2.19 million. On average, equities analysts expect that Cherry Hill Mortgage Investment Corporation will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 20.4%. Cherry Hill Mortgage Investment's dividend payout ratio is -115.38%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Large investors have recently bought and sold shares of the business. Wealth Preservation Advisors LLC bought a new stake in Cherry Hill Mortgage Investment during the 1st quarter worth approximately $33,000. Banco BTG Pactual S.A. bought a new position in Cherry Hill Mortgage Investment in the 1st quarter valued at $36,000. Glenview Trust co bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at $34,000. Envestnet Asset Management Inc. bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at $45,000. Finally, Ritholtz Wealth Management bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at $66,000. 18.49% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Company Profile

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.