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

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 536,221 shares, an increase of 109.1% from the June 15th total of 256,486 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 270,118 shares, the short-interest ratio is currently 2.0 days.

Cherry Hill Mortgage Investment Stock Up 0.7%

Shares of CHMI stock traded up $0.01 on Wednesday, hitting $2.31. The company had a trading volume of 170,383 shares, compared to its average volume of 196,007. The firm has a market cap of $85.05 million, a P/E ratio of 21.05 and a beta of 0.92. The company has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.55. Cherry Hill Mortgage Investment has a twelve month low of $2.17 and a twelve month high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $4.64 million for the quarter, compared to analyst estimates of $10.30 million. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%. Equities research analysts expect that Cherry Hill Mortgage Investment will post 0.57 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 17.3%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 363.64%.

Analysts Set New Price Targets

CHMI has been the subject of a number of recent research reports. Wall Street Zen raised shares of Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter worth $27,000. Naviter Wealth LLC purchased a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at $29,000. Glenview Trust co acquired a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $34,000. Envestnet Asset Management Inc. acquired a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $45,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Cherry Hill Mortgage Investment during the 4th quarter worth about $51,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.