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

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.54 and traded as low as $2.32. Cherry Hill Mortgage Investment shares last traded at $2.3350, with a volume of 120,570 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHMI shares. Wall Street Zen upgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.00.

Cherry Hill Mortgage Investment Trading Up 0.2%

The company has a 50-day simple moving average of $2.37 and a 200 day simple moving average of $2.54. The company has a market cap of $83.22 million, a P/E ratio of 20.59 and a beta of 0.92.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $4.64 million during the quarter, compared to the consensus estimate of $10.30 million. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%. On average, equities analysts forecast that Cherry Hill Mortgage Investment Corporation will post 0.57 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 17.7%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 363.64%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently added to or reduced their stakes in CHMI. Jane Street Group LLC grew its stake in Cherry Hill Mortgage Investment by 262.5% in the 1st quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 67,832 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment during the second quarter valued at approximately $45,000. Glenview Trust co purchased a new stake in shares of Cherry Hill Mortgage Investment in the second quarter valued at approximately $34,000. Hudson Bay Capital Management LP purchased a new stake in shares of Cherry Hill Mortgage Investment in the second quarter valued at approximately $374,000. Finally, Vident Advisory LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 58.2% in the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 21,731 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Company Profile

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.