Barclays PLC Purchases New Position in Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,228 shares of the real estate investment trust’s stock, valued at approximately $52,000.

A number of other institutional investors have also recently bought and sold shares of CHMI. Members Trust Co bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $47,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Cherry Hill Mortgage Investment during the 3rd quarter worth about $49,000. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Cherry Hill Mortgage Investment by 133.3% in the 3rd 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 purchasing an additional 16,000 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at about $665,000. Finally, Penserra Capital Management LLC boosted its position in shares of Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 49,600 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

CHMI has been the topic of a number of recent research reports. Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price on the stock. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, January 3rd.

Cherry Hill Mortgage Investment Stock Performance

CHMI stock opened at $2.81 on Friday. The company’s 50-day simple moving average is $2.77 and its 200 day simple moving average is $3.31. Cherry Hill Mortgage Investment Co. has a 52 week low of $2.50 and a 52 week high of $4.10. The company has a market capitalization of $88.87 million, a PE ratio of -1.85 and a beta of 1.38.

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 for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The firm had revenue of $14.33 million for the quarter. During the same period last year, the company earned $0.16 earnings per share. On average, analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 21.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is -39.47%.

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.