Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Cherry Hill Mortgage Investment Co. (NYSE:CHMI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.60 and traded as low as $3.39. Cherry Hill Mortgage Investment shares last traded at $3.40, with a volume of 110,582 shares trading hands.

Analyst Ratings Changes

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

Cherry Hill Mortgage Investment Price Performance

The business’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.60. The company has a market capitalization of $101.92 million, a price-to-earnings ratio of -6.66 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business had revenue of $13.68 million for the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. During the same period in the previous year, the firm earned $0.16 EPS. As a group, research analysts predict that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 17.67%. The ex-dividend date is Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -117.65%.

Institutional Trading of Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter worth $98,000. Vanguard Group Inc. lifted its holdings in Cherry Hill Mortgage Investment by 2.7% during the 1st 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. Forum Financial Management LP bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at about $1,038,000. Finally, Renaissance Technologies LLC increased its stake in shares of Cherry Hill Mortgage Investment by 7.9% in the second 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 period. 18.49% of the stock is currently owned by 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.