Cherry Hill Mortgage Investment (NYSE:CHMI) Director Sharon Cook Sells 7,427 Shares

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Director Sharon Cook sold 7,427 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $2.49, for a total value of $18,493.23. Following the completion of the transaction, the director directly owned 48,716 shares in the company, valued at approximately $121,302.84. This trade represents a 13.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cherry Hill Mortgage Investment Stock Performance

NYSE CHMI traded down $0.01 on Friday, reaching $2.57. 10,254 shares of the stock traded hands, compared to its average volume of 297,347. Cherry Hill Mortgage Investment Corporation has a 12 month low of $2.17 and a 12 month high of $3.68. The company has a market cap of $94.24 million, a price-to-earnings ratio of 128.25 and a beta of 1.06. The company has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.67.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $8.57 million for the quarter, compared to analysts’ expectations of $2.87 million. Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%. As a group, 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 15.6%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 2,000.00%.

Wall Street Analysts Forecast Growth

CHMI has been the topic of several research reports. Citizens Jmp raised shares of Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price objective on the stock in a report on Thursday, November 6th. Janney Montgomery Scott cut Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Monday. Finally, Wall Street Zen cut Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cherry Hill Mortgage Investment presently has an average rating of “Hold” and an average price target of $3.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHMI. Wealth Preservation Advisors LLC acquired a new position in Cherry Hill Mortgage Investment during the 1st quarter valued at about $33,000. Banco BTG Pactual S.A. purchased a new stake in shares of Cherry Hill Mortgage Investment during the first quarter worth about $36,000. Glenview Trust co acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter valued at about $34,000. Envestnet Asset Management Inc. acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter valued at about $45,000. Finally, JPMorgan Chase & Co. raised its position in shares of Cherry Hill Mortgage Investment by 27,027.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 20,000 shares during the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

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.