Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Passes Below Two Hundred Day Moving Average of $7.22

Cherry Hill Mortgage Investment Co. (NYSE:CHMIGet Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.22 and traded as low as $6.86. Cherry Hill Mortgage Investment shares last traded at $6.89, with a volume of 299,509 shares traded.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price objective on Cherry Hill Mortgage Investment from $10.50 to $8.00 and set a “buy” rating for the company in a research report on Thursday, July 21st.

Cherry Hill Mortgage Investment Stock Performance

The stock’s fifty day moving average price is $6.74 and its two-hundred day moving average price is $7.21. The company has a market cap of $134.80 million, a P/E ratio of 19.60 and a beta of 1.14.

Cherry Hill Mortgage Investment (NYSE:CHMIGet Rating) last released its earnings results on Monday, May 9th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Cherry Hill Mortgage Investment had a return on equity of 21.56% and a net margin of 71.33%. During the same period last year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Cherry Hill Mortgage Investment Co. will post 1.19 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Thursday, June 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.08 annualized dividend and a yield of 15.74%. Cherry Hill Mortgage Investment’s payout ratio is 308.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHMI. Concorde Asset Management LLC boosted its position in shares of Cherry Hill Mortgage Investment by 1.9% during the 4th quarter. Concorde Asset Management LLC now owns 93,657 shares of the real estate investment trust’s stock worth $775,000 after acquiring an additional 1,785 shares in the last quarter. State Street Corp grew its position in 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 purchasing an additional 3,172 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Cherry Hill Mortgage Investment in the 1st quarter worth approximately $29,000. Penserra Capital Management LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 29.0% during the first quarter. Penserra Capital Management LLC now owns 32,846 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 7,380 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Cherry Hill Mortgage Investment by 13.1% during the 4th quarter. GSA Capital Partners LLP now owns 77,938 shares of the real estate investment trust’s stock worth $645,000 after acquiring an additional 8,997 shares in the last quarter. Institutional investors own 25.04% of the company’s stock.

Cherry Hill Mortgage Investment Company Profile

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Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.

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