Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.60 and traded as low as $3.41. Cherry Hill Mortgage Investment shares last traded at $3.42, with a volume of 85,358 shares trading hands.

Analysts Set New Price Targets

Separately, JMP Securities reissued 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 has a 50 day simple moving average of $3.53 and a two-hundred day simple moving average of $3.60. The company has a market cap of $102.52 million, a price-to-earnings ratio of -6.70 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly 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). Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. The firm had revenue of $13.68 million for the quarter. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, research analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 17.57%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -117.65%.

Institutional Trading of Cherry Hill Mortgage Investment

Several institutional investors have recently made changes to their positions in CHMI. Forum Financial Management LP purchased a new stake in Cherry Hill Mortgage Investment in the 2nd quarter valued at about $1,038,000. Renaissance Technologies LLC increased its position in shares of Cherry Hill Mortgage Investment by 7.9% during 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 acquiring an additional 37,300 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 valued at $4,843,000 after acquiring an additional 36,039 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at approximately $98,000. Finally, Members Trust Co acquired a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth approximately $47,000. Hedge funds and other 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.