Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Short Interest Up 109.1% in June

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

Cherry Hill Mortgage Investment Price Performance

NYSE CHMI traded down $0.01 during mid-day trading on Friday, reaching $2.35. The stock had a trading volume of 33,360 shares, compared to its average volume of 194,056. Cherry Hill Mortgage Investment has a 1 year low of $2.17 and a 1 year high of $3.04. The stock has a market cap of $86.16 million, a PE ratio of 21.32 and a beta of 0.92. The company has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.55.

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

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.40 annualized dividend and a yield of 17.1%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 363.64%.

Analyst Ratings Changes

CHMI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, June 24th. Wall Street Zen raised Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 28th. Two 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.00.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds have recently bought and sold shares of CHMI. Summit Financial LLC increased its stake in shares of Cherry Hill Mortgage Investment by 106.1% in the 4th quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock worth $2,679,000 after purchasing an additional 520,291 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Cherry Hill Mortgage Investment during the second quarter valued at about $908,000. PVG Asset Management Corp grew its holdings in Cherry Hill Mortgage Investment by 264.7% during the fourth quarter. PVG Asset Management Corp now owns 201,260 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 146,080 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Cherry Hill Mortgage Investment in the second quarter worth about $374,000. Finally, Two Sigma Investments LP increased its position in Cherry Hill Mortgage Investment by 92.8% in the third quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 125,499 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

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.