Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Stock Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,368,084 shares of the real estate investment trust’s stock after acquiring an additional 36,039 shares during the quarter. Vanguard Group Inc. owned 4.56% of Cherry Hill Mortgage Investment worth $4,843,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHMI. Quadrature Capital Ltd purchased a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter worth approximately $98,000. Jump Financial LLC purchased a new position in Cherry Hill Mortgage Investment during the 4th quarter worth approximately $171,000. Cannell Capital LLC acquired a new stake in Cherry Hill Mortgage Investment during the 4th quarter valued at $2,516,000. Significant Wealth Partners LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $840,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $89,000. 18.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, July 10th.

Cherry Hill Mortgage Investment Stock Performance

NYSE:CHMI opened at $3.50 on Friday. The company has a market capitalization of $105.07 million, a P/E ratio of -6.86 and a beta of 1.50. The stock’s 50 day moving average price is $3.73 and its 200 day moving average price is $3.60. Cherry Hill Mortgage Investment Co. has a 52 week low of $2.77 and a 52 week high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). Cherry Hill Mortgage Investment had a positive return on equity of 18.98% and a negative net margin of 6.85%. The business had revenue of $13.68 million for the quarter. During the same quarter last year, the business posted $0.16 EPS. As a group, sell-side analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 17.14%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -117.65%.

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.