Cherry Hill Mortgage Investment (NYSE:CHMI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.55 and traded as low as $2.53. Cherry Hill Mortgage Investment shares last traded at $2.5650, with a volume of 215,585 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHMI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Friday, March 27th. Citigroup reaffirmed an “outperform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 22nd. Credit Suisse Group set a $3.00 target price on Cherry Hill Mortgage Investment in a research report on Thursday, January 22nd. Finally, Citizens Jmp boosted their price target on 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Cherry Hill Mortgage Investment Price Performance

The stock has a market capitalization of $89.46 million, a P/E ratio of -18.73 and a beta of 1.01. The company’s 50 day simple moving average is $2.64 and its two-hundred day simple moving average is $2.54.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $2.45 million. Cherry Hill Mortgage Investment had a net margin of 7.28% and a return on equity of 16.21%. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a $0.10 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 16.4%. Cherry Hill Mortgage Investment’s payout ratio is presently -307.69%.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in CHMI. Jane Street Group LLC raised its holdings in shares of Cherry Hill Mortgage Investment by 262.5% in the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 67,832 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Cherry Hill Mortgage Investment in the 2nd quarter valued at about $45,000. Glenview Trust co bought a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $34,000. Hudson Bay Capital Management LP bought a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $374,000. Finally, Vident Advisory LLC grew its stake in shares of Cherry Hill Mortgage Investment by 58.2% during the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 21,731 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.