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. Based on an average daily volume of 327,600 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the shares of the company are sold short.

Cherry Hill Mortgage Investment Trading Up 0.8 %

Cherry Hill Mortgage Investment stock traded up $0.03 during mid-day trading on Monday, reaching $3.63. The company had a trading volume of 367,201 shares, compared to its average volume of 235,424. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $3.99. The business has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $3.19. The company has a market cap of $114.77 million, a P/E ratio of -2.39 and a beta of 1.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 16.53%. The ex-dividend date of this dividend is Monday, March 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 1,000.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CHMI. Root Financial Partners LLC bought a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $32,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at $49,000. Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $52,000. Geode Capital Management LLC boosted its stake in Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after acquiring an additional 23,947 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth $68,000. 18.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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