Short Interest in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Decreases By 32.3%

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 305,200 shares, a drop of 32.3% from the February 13th total of 450,700 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 327,600 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at about $68,000. Northern Trust Corp lifted its holdings in Cherry Hill Mortgage Investment by 30.9% during the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 30,330 shares during the last quarter. Virtu Financial LLC bought a new position in Cherry Hill Mortgage Investment in the 4th quarter worth about $130,000. Corient Private Wealth LLC increased its stake in Cherry Hill Mortgage Investment by 24.4% in the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock worth $1,634,000 after acquiring an additional 121,447 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Cherry Hill Mortgage Investment by 83.0% during the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 151,989 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Trading Up 2.5 %

Shares of Cherry Hill Mortgage Investment stock traded up $0.09 during midday trading on Friday, reaching $3.59. The company had a trading volume of 306,735 shares, compared to its average volume of 236,369. The company has a market capitalization of $113.47 million, a price-to-earnings ratio of -2.36 and a beta of 1.42. Cherry Hill Mortgage Investment has a 1-year low of $2.50 and a 1-year high of $3.99. The stock has a fifty day simple moving average of $3.28 and a 200 day simple moving average of $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its 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. The company had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. Sell-side analysts expect that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 16.72%. The ex-dividend date is Monday, March 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock. Finally, B. Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th.

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.