Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.04 and traded as low as $2.98. Cherry Hill Mortgage Investment shares last traded at $3.03, with a volume of 171,655 shares trading hands.
Analyst Ratings Changes
CHMI has been the subject of several recent research reports. JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.
View Our Latest Stock Report on CHMI
Cherry Hill Mortgage Investment Stock Performance
The stock's 50 day moving average price is $3.09 and its 200 day moving average price is $3.04. The company has a market capitalization of $100.59 million, a P/E ratio of -2.03 and a beta of 1.06.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The company had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. On average, analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current fiscal year.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 19.48%. The ex-dividend date was Monday, March 31st. Cherry Hill Mortgage Investment's dividend payout ratio is currently -109.09%.
Insider Activity
In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total value of $47,320.00. Following the completion of the sale, the director now directly owns 19,513 shares in the company, valued at approximately $71,027.32. This trade represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
A number of large investors have recently bought and sold shares of CHMI. Wolverine Asset Management LLC grew its holdings in Cherry Hill Mortgage Investment by 83.0% in the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust's stock worth $885,000 after purchasing an additional 151,989 shares during the period. Corient Private Wealth LLC grew its holdings in 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 worth $1,634,000 after purchasing an additional 121,447 shares during the period. Virtu Financial LLC acquired a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth $130,000. Northern Trust Corp grew its holdings 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 worth $339,000 after purchasing an additional 30,330 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth $68,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.
Cherry Hill Mortgage Investment Company Profile
(
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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