Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Cherry Hill Mortgage Investment Co. (NYSE:CHMI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.60 and traded as low as $3.41. Cherry Hill Mortgage Investment shares last traded at $3.42, with a volume of 85,358 shares trading hands.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, July 10th.

Cherry Hill Mortgage Investment Stock Up 0.3 %

The stock has a fifty day moving average of $3.53 and a 200-day moving average of $3.60. The firm has a market capitalization of $102.37 million, a P/E ratio of -6.67 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. The company had revenue of $13.68 million for the quarter. During the same quarter last year, the firm earned $0.16 EPS. As a group, analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 17.60%. Cherry Hill Mortgage Investment’s payout ratio is -117.65%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently bought and sold shares of the business. Members Trust Co bought a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $47,000. Quadrature Capital Ltd acquired a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter worth $98,000. Forum Financial Management LP bought a new stake in Cherry Hill Mortgage Investment in the second quarter valued at about $1,038,000. Renaissance Technologies LLC lifted its stake in Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 37,300 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Cherry Hill Mortgage Investment by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after buying an additional 36,039 shares during the last quarter. 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.