Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.60 and traded as low as $3.27. Cherry Hill Mortgage Investment shares last traded at $3.33, with a volume of 195,981 shares trading hands.

Wall Street Analyst Weigh In

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

Cherry Hill Mortgage Investment Price Performance

The stock has a market cap of $98.21 million, a P/E ratio of -6.05 and a beta of 1.46. The stock’s 50 day simple moving average is $3.50 and its two-hundred day simple moving average is $3.60.

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

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 18.38%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -111.11%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. Forum Financial Management LP boosted its position in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 12,600 shares during the period. Members Trust Co bought a new stake in Cherry Hill Mortgage Investment during the third quarter worth about $47,000. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Cherry Hill Mortgage Investment by 133.3% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 16,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cherry Hill Mortgage Investment by 2.7% in 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 acquiring an additional 36,039 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of 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. 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.