Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Below 50 Day Moving Average – Time to Sell?

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.63 and traded as low as $2.56. Cherry Hill Mortgage Investment shares last traded at $2.6150, with a volume of 147,945 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citizens Jmp raised their target price on shares of Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the company a “market outperform” rating in a research note on Thursday, January 22nd. Citigroup reissued an “outperform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 22nd. Credit Suisse Group set a $3.00 price target on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.00.

Cherry Hill Mortgage Investment Trading Down 1.3%

The stock has a market capitalization of $96.08 million, a PE ratio of -20.12 and a beta of 1.03. The business has a fifty day moving average price of $2.63 and a 200-day moving average price of $2.57.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $11.76 million for the quarter, compared to analysts’ expectations of $2.45 million. Cherry Hill Mortgage Investment had a return on equity of 16.21% and a net margin of 7.28%. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Corporation will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 15.3%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -307.69%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Cherry Hill Mortgage Investment in the 4th quarter worth $27,000. Naviter Wealth LLC bought a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth $29,000. Glenview Trust co purchased a new stake in Cherry Hill Mortgage Investment during the second quarter valued at about $34,000. Envestnet Asset Management Inc. purchased a new stake in Cherry Hill Mortgage Investment during the second quarter valued at about $45,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Cherry Hill Mortgage Investment by 27,027.0% during the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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.