Sharon L. Cook Sells 13,000 Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Stock

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook sold 13,000 shares of Cherry Hill Mortgage Investment stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.64, for a total transaction of $47,320.00. Following the completion of the transaction, the director now directly owns 19,513 shares of the company’s stock, valued at $71,027.32. The trade was a 39.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cherry Hill Mortgage Investment Trading Down 1.3 %

Shares of NYSE:CHMI opened at $3.56 on Thursday. The company has a market capitalization of $112.43 million, a price-to-earnings ratio of -2.34 and a beta of 1.43. Cherry Hill Mortgage Investment Co. has a 12 month low of $2.50 and a 12 month high of $3.99. The firm’s 50-day moving average is $3.41 and its 200 day moving average is $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The firm had revenue of $0.66 million for the quarter, compared to the consensus estimate of $1.50 million. As a group, equities analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 16.88%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 1,000.00%.

Analysts Set New Price Targets

CHMI has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective for the company. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC boosted its position in Cherry Hill Mortgage Investment by 83.0% in the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 151,989 shares during the period. Corient Private Wealth LLC raised its stake in shares of Cherry Hill Mortgage Investment by 24.4% during the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 121,447 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 22.9% in the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock valued at $964,000 after purchasing an additional 49,600 shares during the period. Virtu Financial LLC bought a new position in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $130,000. Finally, Northern Trust Corp grew its stake in Cherry Hill Mortgage Investment by 30.9% in the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 30,330 shares in the last quarter. 18.49% of the stock is currently owned by 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.