Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.55 and traded as low as $2.53. Cherry Hill Mortgage Investment shares last traded at $2.5650, with a volume of 215,585 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on CHMI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Friday. Citigroup reaffirmed an “outperform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 22nd. Credit Suisse Group set a $3.00 price target on Cherry Hill Mortgage Investment in a research report on Thursday, January 22nd. Finally, Citizens Jmp lifted their price target on Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the stock a “market outperform” rating in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Cherry Hill Mortgage Investment Price Performance

The firm has a market cap of $94.24 million, a PE ratio of -19.73 and a beta of 1.03. The business’s fifty day moving average is $2.65 and its 200-day moving average is $2.55.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Cherry Hill Mortgage Investment had a net margin of 7.28% and a return on equity of 16.21%. The firm had revenue of $11.76 million for the quarter, compared to analysts’ expectations of $2.45 million. Analysts forecast that Cherry Hill Mortgage Investment Corporation will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 15.6%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -307.69%.

Institutional Trading of Cherry Hill Mortgage Investment

A number of large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $27,000. Cetera Investment Advisers grew its stake in shares of Cherry Hill Mortgage Investment by 50.9% during the 4th quarter. Cetera Investment Advisers now owns 37,054 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 12,504 shares during the period. State Street Corp grew its stake in shares of Cherry Hill Mortgage Investment by 11.3% during the 4th quarter. State Street Corp now owns 150,191 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 15,300 shares during the period. Summit Financial LLC increased its holdings in Cherry Hill Mortgage Investment by 106.1% in the 4th quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock worth $2,679,000 after acquiring an additional 520,291 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Cherry Hill Mortgage Investment by 34.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 25,546 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 6,525 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

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.