Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.59 and traded as low as $2.56. Cherry Hill Mortgage Investment shares last traded at $2.5970, with a volume of 165,251 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHMI. Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Monday, December 29th. Citizens Jmp raised their price target on shares of Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the stock a “market outperform” rating in a report on Thursday, January 22nd. Credit Suisse Group set a $3.00 price target on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 22nd. Finally, Citigroup reiterated an “outperform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 22nd. Two equities 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 stock. According to data from MarketBeat, Cherry Hill Mortgage Investment currently has a consensus rating of “Hold” and an average target price of $3.00.

Cherry Hill Mortgage Investment Stock Performance

The stock has a market capitalization of $95.41 million, a P/E ratio of 129.85 and a beta of 1.04. The business has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.59.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 15.4%. The ex-dividend date was Wednesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 2,000.00%.

Institutional Trading of Cherry Hill Mortgage Investment

Several large investors have recently made changes to their positions in CHMI. XTX Topco Ltd bought a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at about $27,000. Naviter Wealth LLC acquired a new stake in Cherry Hill Mortgage Investment in the fourth quarter valued at approximately $29,000. Glenview Trust co bought a new stake in shares of Cherry Hill Mortgage Investment during the second quarter valued at approximately $34,000. Envestnet Asset Management Inc. acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter worth approximately $45,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter worth approximately $51,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile

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.