Cherry Hill Mortgage Investment (NYSE:CHMI) Downgraded by StockNews.com to Sell

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

Several other equities research analysts also recently commented on the company. Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price objective for the company. JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. Finally, B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th.

Cherry Hill Mortgage Investment Price Performance

Shares of Cherry Hill Mortgage Investment stock opened at $3.66 on Tuesday. The business has a 50-day simple moving average of $3.04 and a 200 day simple moving average of $3.19. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $3.99. The firm has a market capitalization of $115.59 million, a price-to-earnings ratio of -2.40 and a beta of 1.40.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds have recently bought and sold shares of CHMI. Root Financial Partners LLC bought a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at about $32,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at about $49,000. Barclays PLC bought a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $52,000. Jane Street Group LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter worth approximately $68,000. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of Cherry Hill Mortgage Investment by 133.3% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 16,000 shares in the last quarter. 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.