Mortgage
Cherry Hill Mortgage Investment’s share price drops below the 200-day moving average of $3.68.
– Cherry Hill Mortgage Investment Co. (NYSE: CHMI) saw its share price fall below its 200-day moving average to $3.48, trading at $3.54 with a volume of 320,767 shares.
– Analysts upgraded the company from a “sell” to a “hold” rating and set a price target of $5.00.
– The company reported earnings of $0.19 per share, missing the consensus estimate by $0.01, with a negative net margin of 69% and positive return on equity of 19.65%.
– Cherry Hill Mortgage Investment declared a quarterly dividend of $0.15 per share, with an annualized dividend yield of 16.95% and a payout ratio of -35.29%.
– Institutional investors have made significant investments in the company, with Cannell Capital LLC, CI Private Wealth LLC, and Vanguard Group Inc. among the top holders.
– Cherry Hill Mortgage Investment Corporation focuses on acquiring, investing, and managing residential mortgage assets in the US.
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