Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Update

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 908,800 shares, a growth of 94.5% from the December 31st total of 467,300 shares. Based on an average daily trading volume, of 314,800 shares, the short-interest ratio is presently 2.9 days.

Analyst Ratings Changes

CHMI has been the subject of several research reports. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on 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. StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th.

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI traded down $0.07 during midday trading on Wednesday, reaching $3.11. 210,938 shares of the stock were exchanged, compared to its average volume of 321,435. The company has a market capitalization of $98.18 million, a price-to-earnings ratio of -2.04 and a beta of 1.38. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The business’s 50-day moving average price is $2.74 and its 200 day moving average price is $3.23.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities research analysts expect that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 19.32%. The ex-dividend date of this dividend is Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -39.47%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of large investors have recently modified their holdings of the business. Forum Financial Management LP increased its position in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after buying an additional 12,600 shares in the last quarter. Members Trust Co acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $49,000. Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in shares of Cherry Hill Mortgage Investment by 133.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 16,000 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

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.