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

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.07 and traded as low as $2.60. Cherry Hill Mortgage Investment shares last traded at $2.67, with a volume of 262,539 shares changing hands.

Cherry Hill Mortgage Investment Price Performance

The firm's fifty day moving average price is $2.89 and its two-hundred day moving average price is $3.07. The stock has a market cap of $87.07 million, a price-to-earnings ratio of -4.85 and a beta of 0.96.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. The company had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. Cherry Hill Mortgage Investment had a negative net margin of 11.62% and a positive return on equity of 14.65%. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 22.51%. The ex-dividend date is Monday, June 30th. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is presently -109.09%.

Institutional Trading of Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Cherry Hill Mortgage Investment in the 4th quarter worth $68,000. Northern Trust Corp increased its position 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 acquiring an additional 30,330 shares during the period. Virtu Financial LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at about $130,000. Corient Private Wealth LLC increased its position in shares of Cherry Hill Mortgage Investment by 24.4% in the fourth 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 during the period. Finally, Vident Advisory LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at about $123,000. Hedge funds and other institutional investors own 18.49% of the company's stock.

About Cherry Hill Mortgage Investment

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.