Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Crosses Below 200-Day Moving Average of $3.63

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.63 and traded as low as $3.19. Cherry Hill Mortgage Investment shares last traded at $3.20, with a volume of 176,292 shares.

Analyst Upgrades and Downgrades

CHMI has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $5.00 target price (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a report on Thursday, March 21st. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 15th.

Cherry Hill Mortgage Investment Trading Up 2.0 %

The firm has a market cap of $98.02 million, a PE ratio of -1.92 and a beta of 1.46. The stock has a fifty day simple moving average of $3.50 and a two-hundred day simple moving average of $3.63.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Thursday, March 7th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $3.11 million. Cherry Hill Mortgage Investment had a negative net margin of 69.00% and a positive return on equity of 19.65%. During the same period in the previous year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that Cherry Hill Mortgage Investment Co. will post 0.75 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 18.38%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -35.29%.

Institutional Trading of Cherry Hill Mortgage Investment

Large investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Cherry Hill Mortgage Investment by 258.9% during the 3rd quarter. FMR LLC now owns 10,572 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 7,626 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Cherry Hill Mortgage Investment in the 4th quarter worth approximately $41,000. Two Sigma Securities LLC bought a new stake in Cherry Hill Mortgage Investment in the 2nd quarter worth approximately $59,000. Cambridge Investment Research Advisors Inc. bought a new stake in Cherry Hill Mortgage Investment in the 1st quarter worth approximately $59,000. Finally, First Republic Investment Management Inc. bought a new stake in Cherry Hill Mortgage Investment in the 2nd quarter worth approximately $69,000. Institutional investors 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.