Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.03 and traded as high as $3.11. Cherry Hill Mortgage Investment shares last traded at $3.08, with a volume of 125,962 shares changing hands.
Analyst Ratings Changes
A number of research firms have issued reports on CHMI. JMP Securities reaffirmed a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Wall Street Zen raised Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.
Get Our Latest Stock Analysis on CHMI
Cherry Hill Mortgage Investment Stock Performance
The stock's 50-day moving average is $3.01 and its 200 day moving average is $3.02. The stock has a market capitalization of $96.99 million, a PE ratio of -1.95 and a beta of 1.06.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The company had revenue of ($3.05) million during the quarter, compared to analysts' expectations of $2.39 million. Analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 20.20%. The ex-dividend date was Monday, March 31st. Cherry Hill Mortgage Investment's dividend payout ratio is currently -109.09%.
Insider Buying and Selling at Cherry Hill Mortgage Investment
In other news, Director Sharon L. Cook sold 13,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.64, for a total value of $47,320.00. Following the transaction, the director now owns 19,513 shares of the company's stock, valued at approximately $71,027.32. The trade was a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of Cherry Hill Mortgage Investment by 262.5% in the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust's stock valued at $309,000 after purchasing an additional 67,832 shares during the period. Vident Advisory LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at approximately $123,000. Wealth Preservation Advisors LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at approximately $33,000. Banco BTG Pactual S.A. acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at approximately $36,000. Finally, Northern Trust Corp increased its holdings in shares of 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 during the period. 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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