Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.65 and traded as low as $2.57. Cherry Hill Mortgage Investment shares last traded at $2.6450, with a volume of 242,275 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on CHMI. Wall Street Zen downgraded Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Monday. Janney Montgomery Scott lowered shares of Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a report on Monday, October 13th. Citizens Jmp upgraded shares of Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price objective on the stock in a research note on Thursday, November 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cherry Hill Mortgage Investment has an average rating of “Moderate Buy” and a consensus price target of $3.38.

Cherry Hill Mortgage Investment Stock Performance

The business’s fifty day moving average price is $2.40 and its two-hundred day moving average price is $2.65. The firm has a market capitalization of $97.18 million, a P/E ratio of 132.25 and a beta of 1.06.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $8.57 million for the quarter, compared to the consensus estimate of $2.87 million. Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%. Sell-side analysts predict that Cherry Hill Mortgage Investment Corporation will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 15.1%. The ex-dividend date is Wednesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is 2,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently added to or reduced their stakes in CHMI. Wealth Preservation Advisors LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the first quarter worth about $33,000. Glenview Trust co acquired a new stake in Cherry Hill Mortgage Investment in the 2nd quarter worth approximately $34,000. Envestnet Asset Management Inc. purchased a new stake in Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $45,000. JPMorgan Chase & Co. raised its holdings in shares of Cherry Hill Mortgage Investment by 27,027.0% in the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 20,000 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Cherry Hill Mortgage Investment by 38,518.9% during the third quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 20,415 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.