Cherry Hill Mortgage Investment (NYSE:CHMI) Raised to Hold at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Janney Montgomery Scott initiated coverage on Cherry Hill Mortgage Investment in a research note on Thursday. They issued a “buy” rating and a $4.00 price target on the stock.

Cherry Hill Mortgage Investment Price Performance

CHMI stock opened at $2.62 on Friday. The business has a fifty day moving average price of $2.80 and a 200 day moving average price of $3.33. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $4.11. The stock has a market capitalization of $82.86 million, a price-to-earnings ratio of -1.72 and a beta of 1.38.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (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 business had revenue of $14.33 million during the quarter. During the same period last year, the company earned $0.16 earnings per share. On average, equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Members Trust Co acquired a new position in Cherry Hill Mortgage Investment during the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at approximately $49,000. Barclays PLC bought a new position in shares of Cherry Hill Mortgage Investment in the third quarter valued at $52,000. Hudson Valley Investment Advisors Inc. ADV increased its holdings in 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 buying an additional 16,000 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment during the third quarter worth $665,000. 18.49% of the stock is currently 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.