Key Points
- Director Sharon Cook sold 7,427 shares at an average price of $2.49 on Dec. 10, reducing her stake by 13.23% to 48,716 shares (sale value ≈ $18,493), disclosed in an SEC Form 4.
- The company recently paid a quarterly dividend of $0.10 (annualized $0.40), representing a 15.6% yield but an unusually high payout ratio of 2,000%.
- CHMI shares traded around $2.57 (down 0.2%), market cap ≈ $94.2M; last quarter EPS of $0.09 missed estimates while revenue beat, and analysts hold a consensus "Hold" with a $3.38 price target.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Get Free Report) Director Sharon Cook sold 7,427 shares of the stock in a transaction dated Wednesday, December 10th. The shares were 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 $121,302.84. This represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Cherry Hill Mortgage Investment Stock Down 0.2%
Shares of Cherry Hill Mortgage Investment stock traded down $0.01 on Friday, reaching $2.57. 10,254 shares of the stock were exchanged, compared to its average volume of 297,347. The business has a 50 day moving average price of $2.38 and a two-hundred day moving average price of $2.67. The firm has a market capitalization of $94.24 million, a price-to-earnings ratio of 128.25 and a beta of 1.06. Cherry Hill Mortgage Investment Corporation has a twelve month low of $2.17 and a twelve month high of $3.68.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%.The business had revenue of $8.57 million during the quarter, compared to analyst estimates of $2.87 million. Research analysts forecast that Cherry Hill Mortgage Investment Corporation will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 15.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Cherry Hill Mortgage Investment's payout ratio is 2,000.00%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the first quarter worth approximately $33,000. Glenview Trust co acquired a new position in Cherry Hill Mortgage Investment during the second quarter worth $34,000. Banco BTG Pactual S.A. purchased a new stake in Cherry Hill Mortgage Investment in the 1st quarter valued at $36,000. Envestnet Asset Management Inc. acquired a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter worth $45,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cherry Hill Mortgage Investment by 27,027.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 20,000 shares during the period. Hedge funds and other institutional investors own 18.49% of the company's stock.
Analyst Upgrades and Downgrades
CHMI has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Cherry Hill Mortgage Investment in a report on Monday. Janney Montgomery Scott cut shares of Cherry Hill Mortgage Investment from a "buy" rating to a "neutral" rating in a research note on Monday, October 13th. Citizens Jmp raised shares of Cherry Hill Mortgage Investment from a "market perform" rating to an "outperform" rating and set a $2.75 target price for the company in a report on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Cherry Hill Mortgage Investment from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cherry Hill Mortgage Investment presently has an average rating of "Hold" and a consensus price target of $3.38.
Check Out Our Latest Stock Analysis on CHMI
About Cherry Hill Mortgage Investment
(
Get Free Report)
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.
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