Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Above Fifty Day Moving Average of $3.63

Cherry Hill Mortgage Investment Co. (NYSE:CHMI)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.63 and traded as high as $3.81. Cherry Hill Mortgage Investment shares last traded at $3.71, with a volume of 277,107 shares traded.

Analysts Set New Price Targets

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

Cherry Hill Mortgage Investment Trading Down 2.1 %

The company has a market cap of $111.37 million, a P/E ratio of -7.27 and a beta of 1.46. The stock’s 50-day moving average price is $3.63 and its 200-day moving average price is $3.60.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The company 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 quarter in the previous year, the business earned $0.16 earnings per share. On average, research analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.17%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -117.65%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in Cherry Hill Mortgage Investment in the 4th quarter valued at about $98,000. Jump Financial LLC bought a new position in Cherry Hill Mortgage Investment in the 4th quarter valued at about $171,000. Forum Financial Management LP bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at about $1,038,000. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 37,300 shares in the last quarter. Finally, Cannell Capital LLC bought a new position in Cherry Hill Mortgage Investment in the 4th quarter valued at about $2,516,000. Institutional investors own 18.49% of the company’s stock.

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.