Cherry Hill Mortgage Investment (NYSE:CHMI) Rating Lowered to “Sell” at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

CHMI has been the subject of several other research reports. Janney Montgomery Scott initiated coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a “buy” rating and a $4.00 target price for the company. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th.

Cherry Hill Mortgage Investment Price Performance

Cherry Hill Mortgage Investment stock opened at $2.82 on Tuesday. The stock has a market cap of $89.18 million, a P/E ratio of -1.86 and a beta of 1.38. The firm’s 50 day moving average price is $2.74 and its 200-day moving average price is $3.28. Cherry Hill Mortgage Investment has a 1 year low of $2.50 and a 1 year high of $3.99.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. During the same period last year, the firm earned $0.16 earnings per share. As a group, equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently bought and sold shares of CHMI. Renaissance Technologies LLC increased its holdings in shares of Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after acquiring an additional 37,300 shares during the period. Geode Capital Management LLC grew its stake in Cherry Hill Mortgage Investment by 7.6% in the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 23,947 shares during the last quarter. Forum Financial Management LP grew its stake in 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 valued at $1,084,000 after purchasing an additional 12,600 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Cherry Hill Mortgage Investment by 22.9% in the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 49,600 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the third quarter valued at about $665,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

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.