Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Sees Significant Decrease in Short Interest

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 327,735 shares, a decline of 38.9% from the June 30th total of 536,221 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 162,765 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds have recently added to or reduced their stakes in CHMI. Jane Street Group LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 262.5% during the 1st quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 67,832 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at $45,000. Glenview Trust co bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at $34,000. Hudson Bay Capital Management LP acquired a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter valued at $374,000. Finally, Vident Advisory LLC lifted its position in shares of Cherry Hill Mortgage Investment by 58.2% during the 2nd quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 21,731 shares during the period. 18.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen upgraded 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 research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.00.

Cherry Hill Mortgage Investment Stock Up 0.5%

CHMI traded up $0.01 during trading on Thursday, reaching $2.25. 188,410 shares of the stock traded hands, compared to its average volume of 193,040. The stock’s 50-day moving average is $2.36 and its 200 day moving average is $2.53. Cherry Hill Mortgage Investment has a 12 month low of $2.17 and a 12 month high of $3.04. The stock has a market capitalization of $82.74 million, a PE ratio of 20.47 and a beta of 0.92.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data 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 firm had revenue of $4.64 million during the quarter, compared to analyst estimates of $10.30 million. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%. As a group, equities research analysts anticipate that Cherry Hill Mortgage Investment will post 0.57 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 annualized dividend and a yield of 17.8%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 363.64%.

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.