Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.93 and traded as high as $2.99. Cherry Hill Mortgage Investment shares last traded at $2.97, with a volume of 487,379 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a report on Friday, March 7th.
View Our Latest Stock Report on CHMI
Cherry Hill Mortgage Investment Stock Performance
The company has a market capitalization of $97.33 million, a PE ratio of -5.42 and a beta of 0.98. The firm's 50-day simple moving average is $2.94 and its 200 day simple moving average is $3.05.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a negative net margin of 11.62% and a positive return on equity of 14.65%. The firm had revenue of ($3.05) million for the quarter, compared to the consensus estimate of $2.39 million. As a group, equities analysts anticipate that Cherry Hill Mortgage Investment Corporation will post 0.38 earnings per share for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 20.13%. The ex-dividend date is Monday, June 30th. Cherry Hill Mortgage Investment's dividend payout ratio is currently -109.09%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $1,634,000 after purchasing an additional 121,447 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter worth about $130,000. Northern Trust Corp grew its stake in Cherry Hill Mortgage Investment by 30.9% in the 4th 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 last quarter. Jane Street Group LLC purchased a new position in Cherry Hill Mortgage Investment during the 4th quarter valued at about $68,000. Finally, Banco BTG Pactual S.A. purchased a new position in Cherry Hill Mortgage Investment during the 1st quarter valued at about $36,000. 18.49% of the stock is owned by institutional investors and hedge funds.
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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