Cherry Hill Mortgage Investment (NYSE:CHMI) Coverage Initiated by Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment (NYSE:CHMI) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $4.00 price objective on the real estate investment trust’s stock.

Separately, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th.

Cherry Hill Mortgage Investment Trading Down 0.8 %

Cherry Hill Mortgage Investment stock opened at $2.62 on Thursday. The stock has a fifty day moving average price of $2.82 and a 200 day moving average price of $3.35. Cherry Hill Mortgage Investment has a 52 week low of $2.50 and a 52 week high of $4.11. The firm has a market capitalization of $82.86 million, a P/E ratio of -1.72 and a beta of 1.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The company had revenue of $14.33 million for the quarter. During the same period in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts predict that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 22.90%. The ex-dividend date of this dividend is Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Forum Financial Management LP increased its position in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock worth $1,084,000 after acquiring an additional 12,600 shares in the last quarter. Members Trust Co purchased a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at $49,000. Barclays PLC purchased a new position in Cherry Hill Mortgage Investment in the third quarter valued at about $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Cherry Hill Mortgage Investment by 133.3% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 16,000 shares in the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile

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.