Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Crosses Below 200-Day Moving Average of $3.63

Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.63 and traded as low as $3.19. Cherry Hill Mortgage Investment shares last traded at $3.20, with a volume of 176,292 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on CHMI. B. Riley restated a "buy" rating and issued a $5.00 price objective (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a research report on Thursday, March 21st. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 15th.

Cherry Hill Mortgage Investment Stock Performance

The company has a market cap of $96.21 million, a P/E ratio of -1.89 and a beta of 1.46. The firm's 50 day moving average price is $3.50 and its 200-day moving average price is $3.63.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its earnings results on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $12.79 million during the quarter, compared to the consensus estimate of $3.11 million. Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. During the same period last year, the business posted $0.24 EPS. Analysts predict that Cherry Hill Mortgage Investment Co. will post 0.75 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 18.72%. The ex-dividend date is Wednesday, March 27th. Cherry Hill Mortgage Investment's payout ratio is -35.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cherry Hill Mortgage Investment by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 1,332,045 shares of the real estate investment trust's stock valued at $5,381,000 after buying an additional 203,467 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Cherry Hill Mortgage Investment by 5.8% in the second quarter. Renaissance Technologies LLC now owns 837,384 shares of the real estate investment trust's stock valued at $5,359,000 after buying an additional 46,100 shares in the last quarter. Cannell Capital LLC bought a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at approximately $2,516,000. BlackRock Inc. lifted its stake in Cherry Hill Mortgage Investment by 15.9% in the second quarter. BlackRock Inc. now owns 416,769 shares of the real estate investment trust's stock valued at $2,013,000 after buying an additional 57,321 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Cherry Hill Mortgage Investment by 24.8% in the fourth quarter. GSA Capital Partners LLP now owns 348,209 shares of the real estate investment trust's stock valued at $1,407,000 after buying an additional 69,186 shares in the last quarter. 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. The company operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.