Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.11 and traded as low as $2.66. Cherry Hill Mortgage Investment shares last traded at $2.70, with a volume of 300,941 shares traded.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a "buy" rating and a $4.00 target price for the company. StockNews.com upgraded Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, B. Riley raised Cherry Hill Mortgage Investment to a "strong-buy" rating in a research note on Tuesday, January 7th.
Get Our Latest Stock Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Stock Up 1.3 %
The stock's fifty day moving average is $3.29 and its 200-day moving average is $3.09. The stock has a market cap of $85.86 million, a price-to-earnings ratio of -1.79 and a beta of 1.05.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $0.66 million during the quarter, compared to analysts' expectations of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. As a group, equities research analysts predict that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current fiscal year.
Cherry Hill Mortgage Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 22.10%. The ex-dividend date of this dividend is Monday, March 31st. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is presently 1,000.00%.
Insider Activity at Cherry Hill Mortgage Investment
In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.64, for a total transaction of $47,320.00. Following the completion of the transaction, the director now owns 19,513 shares in the company, valued at approximately $71,027.32. This represents a 39.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.
Institutional Trading of Cherry Hill Mortgage Investment
Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at approximately $32,000. Barclays PLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $52,000. Jane Street Group LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter worth $68,000. Virtu Financial LLC acquired a new position in Cherry Hill Mortgage Investment during the fourth quarter worth $130,000. Finally, Northern Trust Corp grew its position in Cherry Hill Mortgage Investment by 30.9% in the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust's stock valued at $339,000 after purchasing an additional 30,330 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.
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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