Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Below Two Hundred Day Moving Average of $3.61

Cherry Hill Mortgage Investment Co. (NYSE:CHMI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.61 and traded as low as $3.44. Cherry Hill Mortgage Investment shares last traded at $3.45, with a volume of 503,349 shares traded.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.

Cherry Hill Mortgage Investment Price Performance

The stock’s 50 day moving average is $3.61 and its two-hundred day moving average is $3.61. The stock has a market capitalization of $103.57 million, a PE ratio of -6.76 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The firm had revenue of $13.68 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. During the same quarter last year, the firm earned $0.16 EPS. On average, equities analysts predict that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 17.39%. The ex-dividend date of this dividend is Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -117.65%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 37,300 shares during the last quarter. Forum Financial Management LP purchased a new position in Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $1,038,000. Vanguard Group Inc. increased its position in Cherry Hill Mortgage Investment by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after buying an additional 36,039 shares during the period. Quadrature Capital Ltd acquired a new position in Cherry Hill Mortgage Investment during the fourth quarter worth approximately $98,000. Finally, Cannell Capital LLC purchased a new stake in Cherry Hill Mortgage Investment in the fourth quarter valued at approximately $2,516,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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.