Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Cross Below 200 Day Moving Average - Here's Why

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 Stock Performance

The firm has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.98. The firm has a market cap of $105.25 million, a price-to-earnings ratio of -5.62 and a beta of 0.98.

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

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 20.5%. The ex-dividend date of this dividend was Monday, June 30th. Cherry Hill Mortgage Investment's payout ratio is presently -115.38%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Institutional investors have recently modified their holdings of the business. PVG Asset Management Corp acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at about $135,000. Hudson Bay Capital Management LP acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at about $374,000. Corient Private Wealth LLC acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at about $908,000. Vident Advisory LLC raised its stake in Cherry Hill Mortgage Investment by 58.2% in the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust's stock valued at $161,000 after purchasing an additional 21,731 shares in the last quarter. Finally, Glenview Trust co acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at about $34,000. Institutional investors own 18.49% of the company's stock.

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.