Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.06 and traded as low as $2.66. Cherry Hill Mortgage Investment shares last traded at $2.68, with a volume of 259,267 shares changing hands.
Cherry Hill Mortgage Investment Price Performance
The business's 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $3.06. The stock has a market capitalization of $90.34 million, a price-to-earnings ratio of -5.04 and a beta of 0.97.
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, beating the consensus estimate 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 business had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. As a group, sell-side analysts expect that Cherry Hill Mortgage Investment Corporation will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 21.7%. The ex-dividend date of this dividend was Monday, June 30th. Cherry Hill Mortgage Investment's dividend payout ratio is presently -109.09%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
A number of hedge funds have recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in Cherry Hill Mortgage Investment in the first quarter valued at approximately $33,000. Banco BTG Pactual S.A. bought a new stake in shares of Cherry Hill Mortgage Investment in the 1st quarter worth approximately $36,000. Envestnet Asset Management Inc. acquired a new position in Cherry Hill Mortgage Investment during the 2nd quarter valued at approximately $45,000. Ritholtz Wealth Management acquired a new position in Cherry Hill Mortgage Investment during the 2nd quarter valued at approximately $66,000. Finally, Jane Street Group LLC bought a new position in Cherry Hill Mortgage Investment during the 4th 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.
Further Reading
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