Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Below 200-Day Moving Average - Time to Sell?

Key Points

• Cherry Hill Mortgage Investment Corporation's stock price fell below its 200-day moving average, trading as low as $2.66 while the average is $3.06.
• The company reported a negative net margin of 11.62% despite beating earnings estimates, with earnings per share of $0.17 compared to a $0.11 forecast.
• Cherry Hill has declared a quarterly dividend of $0.15, yielding 22.39%, though its dividend payout ratio is -109.09% indicating significant financial strain.

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Cherry Hill Mortgage Investment Trading Down 2.2%

The business has a 50 day moving average of $2.84 and a 200-day moving average of $3.06. The stock has a market cap of $88.83 million, a PE ratio of -4.95 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a positive return on equity of 14.65% and a negative net margin of 11.62%. The firm had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. On average, equities research analysts anticipate that Cherry Hill Mortgage Investment Corporation will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 22.1%. Cherry Hill Mortgage Investment's dividend payout ratio is presently -109.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wealth Preservation Advisors LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the 1st quarter worth $33,000. Banco BTG Pactual S.A. purchased a new position in Cherry Hill Mortgage Investment in the 1st quarter valued at about $36,000. Envestnet Asset Management Inc. bought a new position in shares of Cherry Hill Mortgage Investment during the second quarter worth about $45,000. Ritholtz Wealth Management bought a new position in shares of Cherry Hill Mortgage Investment during the second quarter worth about $66,000. Finally, Jane Street Group LLC bought a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter worth about $68,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.