Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded at StockNews.com

StockNews.com upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI) from a sell rating to a hold rating in a report published on Friday morning.

Other research analysts have also issued reports about the company. B. Riley raised Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd.

Cherry Hill Mortgage Investment Trading Up 6.7 %

Shares of CHMI opened at $3.58 on Friday. The company has a market cap of $113.06 million, a price-to-earnings ratio of -2.35 and a beta of 1.43. The company’s fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.19. 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 issued its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $0.66 million for the quarter, compared to analysts’ expectations of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. As a group, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.78%. The ex-dividend date was Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 1,000.00%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in Cherry Hill Mortgage Investment during the third quarter worth approximately $665,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $49,000. Penserra Capital Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd 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. Barclays PLC bought a new position in shares of Cherry Hill Mortgage Investment in the third quarter worth $52,000. Finally, Geode Capital Management LLC lifted its position in Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after purchasing an additional 23,947 shares during the period. 18.49% of the stock is owned by institutional investors.

About Cherry Hill Mortgage Investment

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.