Short Interest in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Decreases By 32.3%

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 305,200 shares, a decline of 32.3% from the February 13th total of 450,700 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 327,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of Cherry Hill Mortgage Investment by 24.4% in the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 121,447 shares during the last quarter. Geode Capital Management LLC grew its stake in Cherry Hill Mortgage Investment by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after buying an additional 23,947 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Cherry Hill Mortgage Investment by 83.0% during the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 151,989 shares during the last quarter. Penserra Capital Management LLC grew its stake in Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 49,600 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Cherry Hill Mortgage Investment by 30.9% during the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 30,330 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Stock Up 2.5 %

Shares of NYSE CHMI traded up $0.09 during midday trading on Friday, hitting $3.59. The stock had a trading volume of 306,735 shares, compared to its average volume of 236,654. The company has a market capitalization of $113.47 million, a price-to-earnings ratio of -2.36 and a beta of 1.42. Cherry Hill Mortgage Investment has a 1-year low of $2.50 and a 1-year high of $3.99. The company has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. On average, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.72%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 1,000.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHMI shares. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price target for the company. Finally, StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

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.