Cherry Hill Mortgage Investment Co. (NYSE: CHMI) enjoyed significant growth in short-term interest in November. As of November 30, there was short interest totaling 482,500 shares, an increase of 17.9% from the total of 409,300 shares on November 15. Based on an average daily volume of 165,400 shares, the short-term interest rate is currently 2.9 days.
Actions of NYSE CHMI traded down $ 0.08 during Monday’s midday session, reaching $ 7.99. 236 shares were traded, for an average volume of 225,255. The company has a market cap of $ 143.10 million, a P / E ratio of 28.50 and a beta of 1.19. Cherry Hill Mortgage Investment has a 52 week low of $ 8.01 and a 52 week high of $ 10.68. The stock has a 50-day moving average price of $ 8.90 and a 200-day moving average price of $ 9.26.
Cherry Hill Mortgage Investment (NYSE: CHMI) last reported its results on Tuesday, November 9. The real estate investment trust reported earnings per share (EPS) of $ 0.25 for the quarter, missing analyst consensus estimates of $ 0.30 of ($ 0.05). Cherry Hill Mortgage Investment had a net margin of 52.23% and a return on equity of 16.29%. In the same quarter of the previous year, the company made a profit of $ 0.48 per share. Research analysts predict Cherry Hill Mortgage Investment will post earnings per share of 1.05 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 25. Investors of record on Friday, December 31 will receive a dividend of $ 0.27. The ex-dividend date for this dividend is Thursday, December 30. This represents a dividend of $ 1.08 on an annualized basis and a return of 13.52%. Cherry Hill Mortgage Investment’s payout ratio is 385.75%.
Separately, Zacks investment research downgraded Cherry Hill Mortgage Investment shares from a “hold” rating to a “sell” rating in a research report released on Monday, November 15.
A number of institutional investors have recently increased or reduced their holdings in CHMI. Penserra Capital Management LLC purchased a new stake in Cherry Hill Mortgage Investment during the third quarter valued at approximately $ 82,000. Barclays PLC increased its stake in Cherry Hill Mortgage Investment by 194.9% during the third quarter. Barclays PLC now owns 11,666 real estate investment trust shares worth $ 103,000 after purchasing an additional 7,710 shares during the period. XTX Topco Ltd purchased a new stake in Cherry Hill Mortgage Investment during the second quarter valued at approximately $ 104,000. Bank of New York Mellon Corp increased its stake in Cherry Hill Mortgage Investment by 62.9% during the third quarter. Bank of New York Mellon Corp now owns 16,607 shares of the REIT valued at $ 147,000 after purchasing an additional 6,412 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in Cherry Hill Mortgage Investment during the second quarter valued at approximately $ 156,000. Hedge funds and other institutional investors hold 31.42% of the company’s shares.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corp. is a real estate finance company that acquires, invests and manages a portfolio of excess mortgage management rights. The company operates in the following segments: Investments in RMBS, Investments in maintenance of related assets and all other segments. It also invests in agency residential mortgage-backed securities, prime mortgages and other residential mortgage assets.
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