Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Crosses Below 200-Day Moving Average of $3.63

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.63 and traded as low as $3.19. Cherry Hill Mortgage Investment shares last traded at $3.20, with a volume of 176,292 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHMI shares. B. Riley reissued a “buy” rating and set a $5.00 target price (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a research report on Thursday, March 21st. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, March 15th.

Cherry Hill Mortgage Investment Stock Performance

The stock has a fifty day moving average of $3.50 and a 200-day moving average of $3.63. The company has a market cap of $98.02 million, a PE ratio of -1.92 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. The business had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $3.11 million. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, equities analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.75 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 18.38%. The ex-dividend date of this dividend is Wednesday, March 27th. Cherry Hill Mortgage Investment’s dividend payout ratio is -35.29%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Cherry Hill Mortgage Investment by 0.8% in the 1st quarter. BlackRock Inc. now owns 359,448 shares of the real estate investment trust’s stock worth $1,984,000 after acquiring an additional 2,769 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 175,232 shares of the real estate investment trust’s stock worth $1,016,000 after acquiring an additional 2,953 shares in the last quarter. State Street Corp raised its position in shares of Cherry Hill Mortgage Investment by 6.5% in the 1st quarter. State Street Corp now owns 51,982 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 3,172 shares in the last quarter. Royal Bank of Canada raised its position in shares of Cherry Hill Mortgage Investment by 16.3% in the 3rd quarter. Royal Bank of Canada now owns 26,262 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 3,688 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 29.0% in the 1st quarter. Penserra Capital Management LLC now owns 32,846 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 7,380 shares in the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Company Profile

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.